, Singapore
193 views

Manufacturers facing more expensive production costs: UOB

This after the Purchasing Manager’s Index showed higher input prices in April 2022.

Manufacturers may be facing more expensive production costs after the Purchasing Manager’s Index (PMI) was met with higher input prices index last month, multinational banking corporation, UOB, said.

Input prices index continued to increase to 52.1 in April 2022, which posted the highest reading since October 2013. 

UOB also said Singapore’s inflation has sped up markedly since the start of 2022. 

The bank’s recent comments came after the Singapore Institute of Purchasing and Materials Management released its April 2022 reading where the PMI increased by 0.2 point to 50.3, which is the 22nd straight month that PMI expanded.

UOB noted that the advance in the PMI reading is due to the uptick in recent high-frequency data.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.