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Singapore’s PMI improves in December, in contrast to regional weakness 

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Paige Lim

Paige Lim

Published Wed, Jan 3, 2024 · 09:00 PM
    • The linchpin electronics sector stayed in expansion for the second straight month, gaining 0.1 point to reach 50.2 in December.
    • The linchpin electronics sector stayed in expansion for the second straight month, gaining 0.1 point to reach 50.2 in December. PHOTO: BT FILE

    SINGAPORE’S manufacturing sentiment improved further in December, even as regional factory activity continued to be dragged down by weak demand.

    Singapore’s purchasing managers’ index (PMI) inched up to 50.5 in December, a 0.2 point gain from the previous month, according to data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Wednesday (Jan 3).

    SIPMM executive director Stephen Poh said the latest readings “certainly bode well for the manufacturing sector going into the new year”.

    Purchasing Managers IndexSingapore manufacturingSingapore economy

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