Singapore: PMI tapers off in April

Singapore’s Purchasing Managers' Index (PMI) - an indicator of manufacturing activity – hit 51.1 in April, a slight decrease from March's 51.2 reading.

Wednesday, May 03, 2017 18:10

Singapore: PMI tapers off in April ảnh 1

Port activities in Singapore (Photo: AFP/VNA)

Singapore (VNA) – Singapore’sPurchasing Managers' Index (PMI) - an indicator of manufacturing activity – hit51.1 in April, a slight decrease from March's 51.2 reading.

The Singapore Institute of Purchasing andMaterials Management (SIPMM) said the decrease was attributed to declininggrowth rates of domestic and export orders, while inventory and employment didnot show any remarkable improvement.

Experts said the marginal dip came after a boomin manufacturing output and exports in the first quarter.

Singapore's latest PMI figures are in linewith declining manufacturing PMIs across the region, including those of China,Taiwan and the Philippines.

Most Asian manufacturing PMIs - except theRepublic of Korea and Thailand - remained in positive territory in April.-VNA

VNA

#Purchasing Managers' Index #PMI #manufacturing activity #Singapore #Singapore Institute of Purchasing and Materials Management #manufacturing output #exports

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