(MENAFN) The Singapore purchasing managers' index (PMI), an early gauge of manufacturing performance, declined from 50.7 during the first month of this year to 50.5 during February, reported Singapore Institute of Purchasing and Materials Management (SIPMM) on Tuesday.
This indicates the eighth month of growth for the country's whole manufacturing domain. The fall in PMI numbers shows the growth last month is more sluggish than in January.
A PMI number over 50 shows growth, whereas a number under 50 means narrowing.
In the meantime, the PMI of the country's electronics sector registered a plunge of 0.2 points from the previous month to post a more sluggish growth at 50.8 in February. This indicates the seventh month of growth for the electronics sector.
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