Singapore PMI February 2018

Singapore

Singapore: Manufacturing PMI moderates in February

March 2, 2018

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) dropped to 52.7 in February from 53.1 in January. Although the manufacturing sector moved closer to the 50-point threshold that separates expansion from contraction in the manufacturing sector, it logged an 18th consecutive month of expansion.

February’s result reflected a broad-based moderation in nearly all categories. Growth in new export orders, new orders and output slowed in the month, while employment also increased at a less brisk pace.

The electronics PMI moderated slightly, from 52.9 in January to 52.1 in February. While it slipped for the third consecutive month, it still signaled healthy expansionary conditions.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 1.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees manufacturing output expanding 1.6%.


Author:, Economist

Sample Report

Looking for forecasts related to PMI in Singapore? Download a sample report now.

Download

Singapore PMI Chart


Singapore PMI February 2018 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).


Singapore Economic News

  • Singapore: Manufacturing and electronics PMIs push further into expansionary territory July

    August 2, 2021

    The Purchasing Managers’ Indices (PMIs)—produced by the Singapore Institute of Purchasing and Materials Management (SIPMM)—for both the manufacturing and electronics sectors rose slightly in July, thus moving further into expansionary territory as the two sectors continue to gradually recover from last year’s pandemic-induced downturn. The manufacturing PMI rose to 51.0 in July from 50.8 in June, thus moving further above the 50-point threshold that separates expansion from contraction in the sector and marking the 13th consecutive month of expansion in the manufacturing sector.

    Read more

  • Singapore: Inflation holds stable in June

    July 23, 2021

    Consumer prices dropped 0.01% in June over the previous month, swinging from the 0.80% rise seen in May.

    Read more

  • Singapore: Non-oil domestic exports growth accelerates in June

    July 16, 2021

    Non-oil domestic exports (NODX) grew 15.9% year-on-year in June, accelerating from March’s 8.6% increase.

    Read more

  • Singapore: Economy grows at fastest rate in 11 years in Q2

    July 14, 2021

    The economy expanded 14.3% year-on-year in the second quarter according to an advanced estimate, marking a rapid acceleration from Q1’s 1.3% growth and the fastest expansion since Q2 2010.

    Read more

  • Singapore: Manufacturing and electronics PMIs edge higher in June

    July 3, 2021

    The Purchasing Managers’ Indices (PMIs)—produced by the Singapore Institute of Purchasing and Materials Management (SIPMM)—for both the manufacturing and electronics sectors rose slightly in June, thus moving further into expansionary territory as the two sectors continue to gradually recover from last year’s pandemic-induced downturn. The manufacturing PMI inched higher to 50.8 in June from 50.7 in May, thus moving further above the 50-point threshold that separates expansion from contraction in the sector and marking the twelfth consecutive month of expansion in the manufacturing sector.

    Read more

More news

Search form