Singapore: Manufacturing PMI ticks up in August
The index moved further above the crucial 50-point mark that separates expansion from contraction in Singapore’s manufacturing sector and logged a 24th consecutive month of expansion. August’s result reflected faster growth in new orders, new exports, employment and factory output.
The electronics PMI also improved, from 51.6 in July to 52.0 in August. The increase was driven by faster growth in new orders, new exports, employment and factory output.
FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 6.8% in 2018 and 3.4% in 2019. ■