Published:
Manufacturing sector expands for 12th straight month
The Singapore Purchasing Managers’ Index was at 50.8 in June.
The manufacturing sector has expanded for one full year, the Singapore Institute of Purchasing and Materials Management announced.
The Lion City’s purchasing managers’ index (PMI) increased by 0.1 in June, to 50.8. The electronics sector PMI increased by 0.2 to 50.6 in the same month.
The PMI measures the strength of the manufacturing sector, by polling over 200 purchasing managers. Production output, new orders, supplier deliveries, inventory, and employment are all factored into the computation.
A PMI of over 50 indicates an expansion compared to the month previous, while a PMI under 50 indicates a contraction.
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