Singapore: Manufacturing PMI virtually unchanged in June
July 4, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 50.8 in May to 50.9 in June. Therefore, the index recorded its tenth consecutive month of expansion and moved slightly further above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
June’s result reflected improvements in new orders, new exports, inventory and factory output which more than offset a further contraction in employment.
Meanwhile, the electronics PMI decreased from 52.4 in May to 52.1 in June, dragged down by declines in new orders, new exports, factory output, inventory level and employment.