|
 |
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Source:
www.sipmm.org.sg |
|
JUNE PMI expanded further at
52.7 |
|
- The electronics index
reverted to contraction at 48.2 |
|
|
The JUNE reading of the Singapore Purchasing
Managers¨ Index (PMI) indicated that the manufacturing economy expanded
for the 3rd consecutive month. |
|
The PMI posted a reading of 52.7, which is
an increase of 0.4 point over the previous month. |
|
The increase of the overall PMI was
attributed to an increase in new orders and new export orders, higher
production output and inventory level. |
|
Whilst the overall employment index reverted
to a contraction, the overall stocks of finished goods and input prices
continued to expand. The imports index contracted for the second month
after recording expansion in the earlier month. |
|
 |
|
In the electronics sector, the index posted
a decline of 4.6 points, to revert to a contraction at a reading of
48.2, after recording an expansion in the previous month. |
|
The contraction in the electronics PMI was
attributed to a decline in new orders and new export orders. |
|
In addition, the sector recorded
contractions in production output, input prices as well as stocks of
finished goods. |
|
The electronics inventory and imports
continued to contract while the employment index reverted to a
contraction after recording expansion over 7 consecutive months. |
|
 |
|
A reading of the Singapore Purchasing
Managers¨ Index above 50 indicates that the manufacturing economy
is generally expanding and that the economy is generally declining
when the reading falls below 50. |
|
Source:
www.sipmm.org.sg News July
2006 |
PMI for
electronics shows contraction for June 2006
