Singapore: Manufacturing PMI remains virtually unchanged in October
November 2, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 50.1 in September to 50.0 in October. The index thus coincides with the 50-threshold that separates expansion from contraction in the manufacturing sector. In September it had moved above the 50-threshold for the first time since June 2015.
October’s result reflected a deterioration in output and employment, with the latter achieving the worst result in eight months. Conversely, improvements were recorded in imports and new orders.
The electronics PMI increased from 50.3 in September to a two-year high of 50.8 in October.