ECONOMY, MANUFACTURING | Staff Reporter, Singapore

Electronics PMI up to 53.6 in September

All indicators except employment went up.

The electronics sector Purchasing Managers' Index (PMI) rose 0.4 points to 53.6 in September.

According to the Singapore Institute of Purchasing & Materials Management (SIPMM), this is the highest recorded reading in seven years since July 2010.

All key indicators except for employment recorded a faster rate of expansion for the month.

Order backlog and stocks of finished goods had a slower rate of expansion.

The deliveries indicator contracted to 49.7 after expanding seven months.

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