The August reading of the Singapore Purchasing Managers’ Index (PMI) recorded a decrease of 0.1 point from the previous month to post a slower rate of expansion at 50.9. The overall manufacturing sector has now recorded the 14th month of expansion. The Electronics Sector PMI posted an increase of 0.2 point from the previous month to post a faster rate of expansion at 51.0. This is the 13th month of expansion for the electronics sector.
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SIPMM Institute is the educational arm of the Singapore Institute of Purchasing and Materials Management. The institute publishes the Singapore Purchasing Managers’ Index (PMI) on a monthly basis. The Singapore PMI has become a key barometer of the Singapore manufacturing economy and has been highly sought after by local and international news agencies, banks, investment and stock-broking firms.
Watch the video below to understand more about the Singapore Purchasing Managers’ Index (PMI).
The Singapore PMI is published monthly in the major language press media, such as The Straits Times, The Business Times, The New Paper, Chinese Daily News LianHe ZaoBao and the Malay Daily News Berita Harian. The index is also reported regularly in the international media, as well as economic and research agencies worldwide. In addition, the Channel News Asia and News Radio 93.8 also broadcast the monthly news release of the index.
SIPMM Monthly Bulletin is a 4-page publication that features the Singapore PMI and the Electronics Sector Index, as well as the various indicators that affect the well-being of the manufacturing sectors. The monthly issues are available for Institutional Members only. For more information about SIPMM Monthly Bulletin, please email [email protected].