Singapore factory activity expands for 11 straight months

The Singapore Purchasing Managers’ Index (PMI) was at 50.7 points in May.

The Singapore Purchasing Mangers’ Index (PMI) was recoreded at 50.7 points in May.

Despite a decrease of 0.2 points from April’s 50.9, a score of above 50 denotes an expansion in factory output.

The PMI has consistently been above the 50 point level since July of 2020, following a long period of contraction from February to June of 2020.

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