The Business Times
business-time-50
SUBSCRIBERS

Singapore’s PMI back in expansion mode in September

google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Tue, Oct 3, 2023 · 09:00 PM
    • The purchasing managers' index edged up 0.2 point to a reading of 50.1 points in September. A reading above 50 on the index indicates growth from the previous month.
    • The purchasing managers' index edged up 0.2 point to a reading of 50.1 points in September. A reading above 50 on the index indicates growth from the previous month. PHOTO: BT FILE

    SINGAPORE’S overall manufacturing sentiment headed back into positive territory for the first time in six months in September, suggesting that the manufacturing slump may have bottomed, and that the sector could stabilise in the coming months.

    The purchasing managers’ index (PMI) edged up to 50.1 in September, a 0.2-point gain from August, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) indicated on Tuesday (Oct 3).

    A reading above 50 on the index indicates growth from the previous month, while one below 50 points to a contraction.

    Singapore manufacturingSingapore economySingapore electronics

    TRENDING NOW

    Indonesia's Finance Minister Purbaya Yudhi Sadewa says figures in the reported export data are roughly 50% lower than the actual numbers.

    Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    The latest ruling comes after the claimant submitted an appeal against the South Jakarta District Court's Feb 9 decision that declared his lawsuit "inadmissible".

    Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More