The Business Times
business-time-50
SUBSCRIBERS

Singapore’s PMI up a tad in March as region-wide factory activity improves

google-preferred-sourceAdd BT as a preferred source
Paige Lim

Paige Lim

Published Tue, Apr 2, 2024 · 09:00 PM
    • The linchpin electronics sector improved by 0.4 point in March, posting a faster expansion at 50.8 and staying in expansion territory for the fifth straight month.
    • The linchpin electronics sector improved by 0.4 point in March, posting a faster expansion at 50.8 and staying in expansion territory for the fifth straight month. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE’S manufacturing sentiment inched up in March, as region-wide factory activity continued making modest improvement.

    The purchasing managers’ index (PMI) edged up to 50.7 during the month, posting slightly faster growth than February’s 50.6 reading, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) released on Tuesday (Apr 2).

    A PMI reading above 50 indicates growth from the previous month, and one below 50, a contraction.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore manufacturingSingapore economy

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More