Singapore: Manufacturing PMI gains some ground in November
December 7, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) edged up from 50.0 in October to 50.2 in November, hitting a 17-month high. The index thus moved above the 50-threshold that separates expansion from contraction in the manufacturing sector. In September it had moved above the 50-threshold for the first time since June 2015.
Singapore's result in November reflected an improvement in output and new orders, with the latter achieving the best result since June 2015. Conversely, deteriorations were recorded in stocks of purchases and delivery times.
The electronics PMI decreased from 50.8 in October to 50.5 in November.