SINGAPORE, Dec 3 (NNN-CNA) – Singapore Institute of Purchasing and Materials Management (SIPMM), announced last night that, the Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, recorded a decrease of 0.2 points from the previous month, to post a slower rate of expansion at 50.6.
This was due to slowing growth posted across most manufacturing sectors, said the SIPMM.
The electronics sector PMI posted a decrease of 0.3 points from the previous month, to record a slower rate of expansion at 50.8.
Nov is the 17th month of expansion for the overall manufacturing sector, and the 16th month of expansion for the electronics sector.
A PMI reading above 50 indicates expansion, while a reading below 50 indicates contraction.– NNN-CNA
