The Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, recorded a decrease of 0.4 points from the previous month, to post a slower rate of expansion at 50.2 in Feb.
The overall manufacturing sector has now recorded 20 months of consecutive expansion, said the Singapore Institute of Purchasing and Materials Management, yesterday.
In Jan, Singapore’s manufacturing PMI decreased 0.1 points to 50.6.
The electronics sector PMI posted a decrease of 0.3 points from Jan, to record a slower rate of expansion at 50.5 in Feb. This is the 19th month of expansion for the electronics sector.
A PMI reading above 50 indicates expansion, while a reading below 50 indicates contraction.
Source: NAM News Network