Chart of the Day: Electronics PMI continues its uptrend in March

It recorded an increase of 0.4 point from the previous month.

The electronics sector Purchasing Managers' Index continued its positive growth in March, at a faster expansion at 51.8.

The latest readings of the sector indicated the continued strength of recovery, with expansion registered for the 8th consecutive month.

According to the Singapore Institute of Purchasing & Materials Management, the faster rate of expansion is attributed to higher electronic factory output, new orders, new exports, and higher inventory level.

Meanwhile, imports as well as electronics supplier deliveries and order backlog also recorded faster growth rate.

However, both electronics employment and finished goods stocks ended the month with a slower rate of expansion.