Chart of the Day: Electronics sector PMI eases to 52.1

Blame the new orders and new exports.

This chart from the Singapore Institute of Purchasing & Materials Management revealed the decrease recorded in the electronics sector PMI, which eased 0.3 point to 52.1.

The lower reading was attributed to declines in electronics new orders, new exports, factory output, inventory level and electronics employment.

On the other hand, the electronics stocks of finished goods reverted to an expansion and supplier deliveries posted a faster rate of expansion.

However, slower rates of growth were seen for the indicators of electronics imports, input prices, and order backlog.

Despite the easing, the growth in the electronics manufacturing sector remained robust and the sector has now recorded its 11th month of consecutive expansion