Published:
Singapore PMI figures slipped in December 2010
The manufacturing PMI and electronics PMI both dropped to 50.7 and 52.2 respectively, DBS said.
The manufacturing PMI slipped by 0.7 pt from the November reading of 51.4 while the electronics PMI slipped by 1 pt from 53.2. This indicates that the manufacturing sector and the electronics industry are still in expansion mode.
A drop to contraction mode within the next two months cannot be discounted given the upcoming Chinese New Year effect. The electronics industry could also possibly dip into contraction mode within the coming months too.
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