Singapore: Manufacturing PMI inches down in January
February 4, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 49.5 in December to 49.0 in January, marking a three-month low. As a consequence, the index fell further below the 50-threshold that separates contraction from expansion in the manufacturing sector.
January’s result reflected deteriorations in five of the nine sub-components that comprise the index, including output, employment and new orders.
In addition, the electronics PMI ticked down from 48.9 in December to 48.5 in January, thus falling further below the 50-threshold.
Author: Eric Denis , Economist