Singapore: Manufacturing PMI virtually unchanged in February
March 3, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 51.0 in January to 50.9 in February. The index thus remains above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
February’s result reflected slower growth in new orders, new export orders and output. Conversely, employment and stocks of purchases both grew at a faster rate in February than in the previous month.
The electronics PMI decreased from a multi-year high of 51.8 in January to 51.4 in February.