Singapore PMI


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.

FocusEconomics Consensus Forecast panelists expect manufacturing output growth of 4.4% in 2014, which is unchanged over last month’s forecast. For 2015, the panel expects manufacturing output growth of 4.2%.

Author:, Senior Economist

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Singapore PMI Chart

Singapore PMI July 2014 0

Note: Purchasing Managers’ Index. Readings above 50 points indicate an expansion in the manufacturing sector while readings below 50 points indicate a contraction.
Source: Singapore Institute of Purchasing and Materials Management (SIPMM).

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