Singapore: Manufacturing PMI scores best result in over two years in December
January 5, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) edged up from 50.2 in November to 50.6 in December. The index thus moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector, and marked the highest reading since November 2014.
December’s result mainly reflected an improvement in output, employment and new orders, with the latter achieving the best result in over 23 months. Conversely, deteriorations were recorded in delivery times and imports.
The electronics PMI increased from 50.5 in November to 51.2 in December, the best reading since October 2014.