Chart of the Day: Check out Singapore PMI's first expansion in 15 months
It inched up to 50.1 in September.
After more than a year of recording contractions, Singapore's manufacturing output has now seen an expansion as Purchasing Managers' Index (PMI) crawls up 50.1 in September.
According to Singapore Institute of Purchasing & Materials Management (SIPMM), the PMI slightly eased up 0.3 points from 49.8 in August.
"A reading of the Singapore Purchasing Managers’ Index above 50 indicates that the manufacturing economy is generally expanding," SIPMM said.
The expansion was on back of higher readings in new orders, new exports, and factory output.
Meanwhile, electronics PMI continued to expand for the second month, albeit only at 0.1 point to 50.3.
In August, electronics PMI reverted to a marginal expansion at 50.2, which came after the sector recorded contraction readings for 13 months.