Singapore PMI


Singapore: Manufacturing PMI returns to expansionary territory in May

June 2, 2015

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 49.4 in April to 50.2 in May. May’s print marks the first reading in five months above the 50-threshold that separates contraction from expansion in the manufacturing sector.

May’s result reflected improvements in seven of the nine sub-components that comprise the index. Output, imports and stock of purchases reported the largest increases compared to the previous month. Conversely, delivery times decreased slightly and employment stagnated.

The electronics PMI increased from 49.1 in April to 49.8 in May, marking the second consecutive month below the 50-threshold.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 1.3% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel sees manufacturing output expanding 3.9%.

Author:, Economist

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Singapore PMI Chart

Singapore PMI May 2015 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).

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