Asia Pacific
Singapore's manufacturing PMI falls to 51.5 in November
Last Updated: 2018-12-04 13:05 | Xinhua
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Singapore Institute of Purchasing and Materials Management (SIPMM) announced on Monday the country's purchasing managers' index (PMI), an early indicator of manufacturing activity, declined by 0.4 points from October to 51.4 for November, the Business Times reported.

It marks the 27th month of consecutive expansion of Singapore's manufacturing sector. A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction.

Meanwhile, the PMI of Singapore's electronics industry dropped from 50.5 to 49.9, reflecting the 27-months consecutive expansion for the industry had come to an end.

The Business Times quoted SIPMM as saying that Singapore's manufacturing PMI went down in November because of slower growth in new orders and new exports, factory output, inventory, as well as employment level.

The institute attributed the electronic PMI decline to slower expansion in new orders, new exports, factory output and inventory.

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