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Feb electronics PMI sinks to seven-year low on Covid-19 fears

Contraction of 47.6 reverses January's optimism and ends brief one-month reprieve

February's manufacturing PMI of 48.7 is the first contraction after two months of expansion. It is also the lowest figure since February 2016 when the reading was 48.5.


THE coronavirus outbreak has cast a pall on Singapore's manufacturing and electronics sentiment in February, even though both were on the brink of recovery just a month ago, a development that was no surprise to economists.

The Purchasing Managers' Index (PMI) for the...

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