Singapore manufacturing virtually unchanged in AprilStaff Writer | May 5, 2017
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 51.2 in March to 51.1 in April.
Asia The Singapore Institute of Purchasing & Materials Management
April’s result reflected slightly slower growth rates in new orders, new exports and job hiring which more than offset a faster growth rate in factory activity.
Meanwhile, the electronics PMI decreased slightly from 51.8 in March to 51.6 in April.
FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 0.8% in 2017, which is down 0.7 percentage points from last month’s forecast. For 2018, the panel sees manufacturing output expanding 1.5%. ■