Singapore: Manufacturing PMI virtually unchanged in July
August 3, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 50.9 in June to 51.0 in July. Therefore, the manufacturing sector recorded its eleventh consecutive month of expansion as the index moved slightly further above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
July’s result reflected improvements in new orders, new exports and factory output which more than offset a further contraction in employment.
Meanwhile, the electronics PMI inched up from 52.1 in June to 52.2 in July.