Chart of the Day: Check out electronics sector's slight uptick in September

Its PMI recorded a second month of expansion at 50.3.

Singapore's electronics sector maanaged to post an expansion for the second consecutive month in September, with electronics PMI treading at 50.3 from 50.2 in the previous month.

According to Singapore Institute of Purchasing & Materials Management (SIPMM), this improvement was attributed to a continued expansion reading for new orders, new exports and factory output.

"The index for electronics inventory posted a contraction reading, whereas the finished goods index posted an expansion reading," SIPMM said.

Meanwhile, the figures revealed that input prices index for the electronics sector moderated after having recorded 15 months of declines.

The electronics imports index also saw its 6th consecutive expansion in September. However, electronics employment index posted a faster rate of contraction.

This contributed to Singapore's overall PMI, which is now back on the growth side at 50.1, a slight ease from the 49.8 index recorded in August.

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