Singapore: Manufacturing PMI rises in September
Latest reading: The Singapore Institute of Purchasing and Materials Management (SIPMM) Manufacturing PMI rose to 50.1 in September from 50.0 in August, hitting a six-month high. As a result, the index moved further above the 50.0 no-change threshold and signaled a faster improvement in manufacturing-sector operating conditions compared to the previous month. Similarly, the electronics PMI rose to 50.7 in September (August: 50.4), moving further above the 50.0 no-change threshold.
The improvement in the September manufacturing PMI was driven by higher new orders, new exports and input purchases. Additionally, employment improved, and factory output also saw a positive turn, expanding after five consecutive months of contraction.
Regarding prices, finished goods imports and input costs rose at faster rates. That said, business sentiment soured.