Singapore: Manufacturing PMI inches up in October
November 5, 2015
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 48.6 in September to 48.9 in October. However, the index remains below the 50-threshold that separates contraction from expansion in the manufacturing sector.
October’s result reflected improvements in four 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 delivery times.
Also, the electronics PMI ticked up from 48.5 in September to 48.6 in October, thus remaining below the 50-threshold.
Author: Eric Denis , Economist