Singapore: Manufacturing PMI stabilizes in May
June 2, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) was stable in May at April’s ten-month high of 49.8. The index is close to but below the 50-threshold that separates contraction from expansion in the manufacturing sector.
May’s steady result reflected that weaker readings in seven of the nine sub-components of the index were offset by improvements in the output and import categories.
In addition, the electronics PMI decreased from 49.5 in April to 49.1 in May and is now a bit further below the 50-threshold.