Singapore: Manufacturing PMI inches up in August
Latest reading: The Singapore Institute of Purchasing and Materials Management (SIPMM) Manufacturing PMI rose to 50.0 in August from 49.9 in July. As a result, the index matched the 50.0 no-change threshold and signaled an improvement in manufacturing-sector operating conditions compared to the previous month. Meanwhile, the electronics PMI rose to 50.4 in August (July: 50.2), moved further above the 50.0 no-change threshold, and signaled a faster improvement in the sector.
The latest headline PMI reading was driven by stronger momentum in new orders, new exports orders, and input purchases. In addition, factory output and employment deteriorated at a milder pace.
That said, in terms of prices, input costs reverted to growth. Moreover, business sentiment weakened as uncertain global trade policies and potential tariffs could still impact local manufacturers, particularly in the electronics sector.