Singapore April PMI: New export orders at 2010 high

06-May-2010 Intellasia | Reuters | 7:01 AM Print This Post

Singapore Institute of Purchasing & Materials Management released on Tuesday the purchasing managers’ index, a leading indicator for manufacturing: Purchasing Managers’ Index and components:

OVERALL PMI

April March February January December November October September August July June

51.9 51.1 51.9 51.4 53.3 52.0 50.2 50.6 54.4 51.5 51.1 Electronics 51.8 53.4 53.0 53.8 52.9 51.3 49.6 52.4 55.2 55.0 55.0 New Export Orders 54.8 53.0 51.9 51.3 54.9 53.6 51.3 49.5 53.1 50.5 50.9 CONTEXT:

# RISE IN PMI ATTRIBUTED TO HIGHER NEW ORDERS, HIGHER production output. Inventories contracted.

# EXPANSION IN THE ELECTRONICS SECTOR EASED, DRAGGED DOWN BY lower output and inventories. Input prices and employment continued to expand and posted higher readings.

# NEW EXPORT ORDERS INDEX SAW ITS SEVENTH MONTH OF EXPANSION. No breakdowns were available but Singapore’s main export markets are the European Union, United States and China.

# A READING ABOVE 50 INDICATES EXPANSION; BELOW 50 contraction. The PMI is produced ahead of government data on manufacturing and exports.

# CHINA’S OFFICIAL PMI ROSE TO 55.7 IN APRIL FROM 55.1 IN March.

http://www.iii.co.uk/news/?type=afxnews&articleid=7874309&subject=economic&action=article

 


Category: Singapore

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