Singapore PMI slips by 0.1 point in November

The electronics sector recorded a marginal 0.1 point rise.

The Singapore Purchasing Managers’ Index (PMI) in November slid a marginal 0.1 point from the month prior to log a slower increase at 50.4.

Meanwhile, the electronics sector’s PMI recorded a marginal rise of 0.1 point from the previous month, marking an expansion at 51.1, the report published by SIPMM Institute said.

November has seen the fourth consecutive month of expansion for the electronics sector, and has the highest reading since September 2018 when it was at 51.4.

“The Singapore PMI has become a key barometer of the Singapore manufacturing economy and has been highly sought after by local and international news agencies, banks, investment, and stock-broking firms,” added the report.

November was also the fifth consecutive month of expansion for the overall manufacturing sector.