Singapore: Manufacturing PMI jumps to a year-high in July
August 5, 2014
In July, the manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) rose from 50.5 points in June to 51.5 points. The figure overshot market expectations of the index inching up to 50.7 points and represented the highest level in a year. The index remains above the 50-point threshold that indicates expansion in the manufacturing sector. The largest increases over the previous month were recorded in the output and imports sub-indexes.
The electronics PMI recorded 52.4 points in July, which was up from the 50.7 points recorded in June and overshot the 50.7 points the market had expected.
Author: Dirina Mançellari, Senior Economist