Singapore: manufacturing PMI drops 50.4 percent

2020-12-06 08:14:04

(MENAFN) Singapore Institute of Purchasing and Materials Management (SIPMM) declared on Thursday that the Singapore buying managers' index (PMI), an early sign of manufacturing activity, dropped a marginal 0.1 points from 50.5 for October to 50.4 for November.

SIPMM stated that this is the fifth month of expansion for the general manufacturing sector.

A PMI record of 50 and above shows expansion, while a reading below 50 shows reduction.

In the meantime, the PMI of Singapore's electronics sector posted a minor upsurge of 0.1 points from 51 to 51.1 in November, the highest reading since September 2018 when the reading was 51.4. This is the fourth month of growth for the electronics sector.

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