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Singapore June PMI expands, electronics up 3rd month
Thu, 2nd Jul 2009 14:45
SINGAPORE, July 2 (Reuters) - Singapore Institute of
Purchasing & Materials Management released on Thursday the
purchasing managers' index, a leading indicator for
manufacturing:
Purchasing Managers' Index and components:
June May April March Feb Jan
PMI 51.1 51.2 49.2 47.1 45.0 45.0
Electronics sector 55.0 52.9 51.6 48.8 43.8 43.6
CONTEXT
* Singapore PMI adds to recent economic data suggesting Asian
and global economies are slowly stabilising, but sustained
recovery in consumer demand is needed for a solid recovery
* Electronics sector expansion accelerates, indicating higher
levels of new orders from domestic and overseas markets
* A reading above 50 points indicates that manufacturing
industries are expanding, below 50 signals contraction.
* Singapore manufacturing sector PMI began expanding again in
May, thanks to a jump in drug production
* Non-oil exports in May rose a bigger-than-expected 5.6
percent from the previous month on a seasonally adjusted basis.
On year, key non-oil exports fell 12.1 percent in May from a year
earlier, the 13th month of annual contractions, but the smallest
fall so far this year
* The city-state's exports are seen as a barometer for world
demand. It was the first Asian country to fall into recession
last year, followed by Hong Kong, Japan and Taiwan
* The indices are based on data compiled from monthly replies
to questions asked of purchasing executives in more than 150
industrial companies.The survey is based on 12 industry groupings
and weighted by each industry's contribution to gross domestic
product
(Reporting by Nopporn Wong-Anan; Editing by Kim Coghill)
Keywords: SINGAPORE ECONOMY/PMI
(nopporn.wong-anan@thomsonreuters.com, +65 6403 5665)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Purchasing & Materials Management released on Thursday the
purchasing managers' index, a leading indicator for
manufacturing:
Purchasing Managers' Index and components:
June May April March Feb Jan
PMI 51.1 51.2 49.2 47.1 45.0 45.0
Electronics sector 55.0 52.9 51.6 48.8 43.8 43.6
CONTEXT
* Singapore PMI adds to recent economic data suggesting Asian
and global economies are slowly stabilising, but sustained
recovery in consumer demand is needed for a solid recovery
* Electronics sector expansion accelerates, indicating higher
levels of new orders from domestic and overseas markets
* A reading above 50 points indicates that manufacturing
industries are expanding, below 50 signals contraction.
* Singapore manufacturing sector PMI began expanding again in
May, thanks to a jump in drug production
percent from the previous month on a seasonally adjusted basis.
On year, key non-oil exports fell 12.1 percent in May from a year
earlier, the 13th month of annual contractions, but the smallest
fall so far this year
* The city-state's exports are seen as a barometer for world
demand. It was the first Asian country to fall into recession
last year, followed by Hong Kong, Japan and Taiwan
* The indices are based on data compiled from monthly replies
to questions asked of purchasing executives in more than 150
industrial companies.The survey is based on 12 industry groupings
and weighted by each industry's contribution to gross domestic
product
(Reporting by Nopporn Wong-Anan; Editing by Kim Coghill)
Keywords: SINGAPORE ECONOMY/PMI
(nopporn.wong-anan@thomsonreuters.com, +65 6403 5665)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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