Singapore: Manufacturing rose slightly in November
December 2, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) edged up from 50.0 in October to 50.2 in November. The index thus moved above the 50-threshold that separates expansion from contraction in the manufacturing sector, and marked the highest reading since June 2015.
November’s result mainly reflected an improvement in output, employment and new orders, with the latter achieving the best result in over 18 months. Conversely, deteriorations were recorded in delivery times and stocks of purchases.
The electronics PMI decreased from 50.8 in October to 50.5 in November.