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.
Author: Eric Denis , Economist