October PMI unchanged at 50.8 points

The manufacturing sector has recorded 16 months of consecutive expansion.

A report released by SIPM showed that the Purchasing Managers’ Index for October stayed the same at 50.8 points. 

Compared to last month, no changes were recorded.

Electronics PMI, meanwhile, was down by 0.1 points to 51.1 points.

Overall, the manufacturing sector has recorded 16 months of consecutive expansion, while the electronics PMI had the 15th month of expansion for the sector.