Singapore: Manufacturing PMI increases in June
July 3, 2015
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 50.2 in May to 50.4 in June, which was the highest reading since November 2014. June’s print marks the second consecutive reading above the 50-threshold that separates contraction from expansion in the manufacturing sector.
June’s result reflected improvements in five of the nine sub-components that comprise the index. New orders, new export orders and stocks of purchases reported the largest increases compared to the previous month. Conversely, delivery times and input prices reported the largest decreases.
The electronics PMI increased from 49.8 in May to 50.3 in June, marking the first reading in two months above the 50-threshold.
Author: Eric Denis , Economist