Negative June PMI on the cards after surprise rebound in May

The electronics cluster is still to blame.

Analysts at DBS expect Singapore’s Purchasing Manager’s Index (PMI) to inch lower and slip into contraction mode in June.

Although PMI rebounded to positive territory in May, DBS warns that this could turn out to be a one-off especially given the existing drag from the electronics cluster.

DBS noted that although electronics PMI ticked up in May, overall outlook remains uncertain with many sub-indexes still stuck in the contraction territory.

“More importantly, much still depend on global outlook, which thus far has remained dicey. Outlook in Europe is clouded by the concerns about Greece’s exit. Data in the US remained mixed with recent growth figure being revised downwards. China’s growth momentum is slowing and there could be more downside risks to that judging from the sharp corrections in its equity markets. In short, chances are high that PMIs may dip back into the declining trend. General outlook for Singapore’s manufacturing sector appears half empty rather than half full,” said DBS.

Singapore's PMI data will be released tonight, July 2.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia