Published:
Singapore new orders up 1.6 points
A PMI of 51.2 came in for November, according to OCBC. This is higher than October's PMI which is 50.7.
Singapore's increased November PMI includes higher new orders (+1.6 points to 50.9 in its first expansion after three consecutive months of contraction), new export orders (+1.1 points to 52.7), inventory (+4.4 points to 54.1), and imports (+3.5 points to 52.3). The electronics PMI also jumped 3.9 points to 53.2 in Nov, its first expansion after two consecutive months of contraction, led by growth in new orders from domestic and overseas markets.
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