Singapore: Manufacturing PMI moderates in August
September 7, 2015
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) fell from 49.7 in July to 49.3 in August, which marked the lowest value since December 2012. As a consequence, the index is now further below the 50-threshold that separates contraction from expansion in the manufacturing sector.
August’s result reflected deteriorations in all of the nine sub-components that comprise the index, with the exception of delivery times. Imports and new orders recorded the largest deceases compared to the previous month.
Also, the electronics PMI decreased from 49.5 in July to 49.0 in August, thus falling further below the 50-threshold.
Author: Eric Denis , Economist