Singapore’s February PMI slips to 50.7

This marks the 18th month of expansion for the sector.

Singapore’s Purchasing Managers’ Index (PMI) fell 0.2 points in February to 50.7, signaling a slower expansion in the manufacturing sector. This marks the 18th month of expansion for the sector.

The latest PMI reading reflects a slowdown in key indices, including new orders, new exports, factory output, input purchases, and employment. However, supplier deliveries returned to an expansion.

Slower growth was also observed in finished goods, imports, order backlog, and future business indices.

Meanwhile, the input prices index contracted after eight months of expansion. The order backlog index continued its growth streak for the 21st month, while the future business index marked its 20th consecutive month of expansion.

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