Singapore  PMI at 50
Singapore  PMI at 50

Singapore PMI at 50

Singapore PMI at 50

Singapore’s manufacturing sector stayed in expansionary territory in October, albeit just barely. The latest reading of the Purchasing Managers’ Index stood at 50, marking the second month of expansion. However, this was a marginal dip of 0.1 point from September’s 50.1—the first above-50 reading after 14 consecutive months of contraction, Nasdaq reported. Last month’s weaker expansion was attributed to slower overall factory output and lower employment, although new orders and new exports posted marginal improvements, said the Singapore Institute of Purchasing and Materials Management. In contrast, the electronics PMI recorded an increase of 0.5 point to 50.8 in October. The electronics PMI moved above 50 in August after staying below that level for 15 months in a row. “The faster rate of expansion was attributed to a continued expansion reading for new orders, new exports and factory output,” said SIPMM. A PMI reading above 50 denotes growth, while one under 50 reflects a contraction in the manufacturing sector.


Short URL : https://goo.gl/5HPiJy
  1. https://goo.gl/3H7jMP
  • https://goo.gl/VRdhfz
  • https://goo.gl/ayLB3a
  • https://goo.gl/i4etEx
  • https://goo.gl/gkDknB

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints