Singapore: Manufacturing PMI recovers slightly in August
September 5, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.3 in July to a three-month high of 49.8 in August. This brought the index closer to but still below the 50-threshold that separates contraction from expansion in the manufacturing sector.
August’s result reflected an improvement in five of the nine sub-components that comprise the index, including new orders, output and new export orders. However, deteriorations were recorded in imports and stocks of purchases, among others.
The electronics PMI also increased from 49.7 in July to a 14-month high of 50.2 in August, bringing it just above the 50-threshold and into mildly expansionary territory.