Singapore: Manufacturing PMI inches up in November
December 3, 2015
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 48.9 in October to 49.2 in November, marking a three-month high. However, the index remains below the 50-threshold that separates contraction from expansion in the manufacturing sector.
November’s result reflected improvements in seven of the nine sub-components that comprise the index. The result mainly came on the back of increases in output and new export orders, which more than offset a fall in finished goods.
Also, the electronics PMI ticked up from 48.6 in October to 49.0 in November, but remained below the 50-threshold.
Author: Eric Denis , Economist