Singapore: Manufacturing PMI rebounds slightly in March
April 5, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) edged up from 50.9 in February to 51.2 in March, the best result since November 2014. The index thus moved further above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
March’s result reflected an improvement across the board. Growth in new orders, new export orders and output was faster than in the previous month, with the latter registering the best result in almost two and a half years.
Meanwhile, the electronics PMI increased from 51.4 in February to 51.8 in March.