Singapore: Manufacturing PMI falls in July
August 3, 2015
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) fell from 50.4 in June to 49.7 in July, which marked a three-month low. As a consequence, the index is now slightly below the 50-threshold that separates contraction from expansion in the manufacturing sector.
July’s result reflected deteriorations in five of the nine sub-components that comprise the index. Output and new orders reported the largest deceases compared to the previous month. Conversely, delivery times reported the largest improvement.
Also, the electronics PMI decreased from 50.3 in June to 49.5 in July, thus falling below the 50-threshold.
Author: Eric Denis , Economist