Singapore PMI November 2016

Singapore

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.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 0.8% in 2017, which is down 0.7 percentage points from last month’s forecast. For 2018, the panel sees manufacturing output expanding 1.5%, which is up 0.1 percentage points from last month’s projection.


Author: Massimo Bassetti , Economist

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Singapore PMI November 2016

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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