Singapore’s PMI dips in April but remains in expansion for 8th straight month
The linchpin electronics sector, however, posts slightly faster expansion at 50.9 for the month
SINGAPORE’S overall factory activity grew at a slightly slower pace in April, but the key electronics sector saw a faster pickup, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) on Thursday (May 2).
The purchasing managers’ index (PMI) dropped 0.2 point to 50.5 last month, though it still remained in expansion territory for the eighth straight month.
A reading above 50 on the index indicates growth from the previous month, while one below 50 points to a contraction.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore tourist arrivals dip to 1.36 million in April, after March’s Taylor Swift-led high
Singapore’s key exports down 9.3% in April – slightly more than expected, but better than March’s tumble
Singapore’s monetary policy should remain tight until inflationary pressures recede: IMF
PM Wong calls on Singaporeans to support each other, help his government take the country forward
Daily Debrief: What Happened Today (May 16)
Daily Debrief: What Happened Today (May 15)