Friday, May 26, 2017 - 20:09:22

Singapore: PMI tapers off in April

VNA Print

Port activities in Singapore (Photo: AFP/VNA)

Singapore (VNA) – 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.

The Singapore Institute of Purchasing and Materials Management (SIPMM) said the decrease was attributed to declining growth rates of domestic and export orders, while inventory and employment did not show any remarkable improvement.

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

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

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