Mon, 06 Feb 2023

SINGAPORE, Dec. 2 (Xinhua) -- Singapore's purchasing managers' index (PMI), an early indicator of manufacturing activity, inched up 0.1 points from the previous month to post the third month of continued contraction at 49.8 this November.

Meanwhile, Singapore's electronics sector PMI edged higher to 49.2 from 49.1 in October, the Singapore Institute of Purchasing and Materials Management (SIPMM), which publishes the Singapore Purchasing Managers' Index on a monthly basis, said on Friday night.

This is the consecutive fourth month of contraction for the electronics sector.

According to Sophia Poh, vice president of industry engagement and development at SIPMM, anecdotal evidences suggest that Singaporean manufacturers are less optimistic of the economic outlook going forward into the first half of next year.

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