Singapore PMI December 2017

Singapore

Singapore: Manufacturing PMI virtually unchanged in December

January 17, 2018

The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) slipped to 52.8 in December from 52.9 in November, which marked the best result since December 2009. As a result, the manufacturing sector recorded its 16th consecutive month of expansion, as it remained above the 50-point threshold that separates expansion from contraction in the manufacturing sector.

December’s result reflected slightly slower expansions in factory output and inventory, which more than offset marginally faster expansions in new orders, new exports orders and employment.

Meanwhile, the electronics PMI edged down from November’s 53.5 to 53.3 in December; nonetheless signaling still-robust expansionary conditions.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 1.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees manufacturing output expanding 1.6%.


Author: Massimo Bassetti, Economist

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Singapore PMI December 2017

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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