Singapore: Manufacturing PMI records its best result in over six years in September
October 3, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) rose from 51.8 in August to 52.0 in September, marking its best result since April 2011. As a result, the manufacturing sector recorded its thirteenth consecutive month of expansion, and the index moved further above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
September’s result reflected expansions in new orders, new exports, factory output and inventory levels, leading to the first rise in employment after four consecutive months of job losses.
Meanwhile, the electronics PMI edged up from 53.2 in August to 53.6 in September, the highest level in over seven years.