Sunday, Oct 26, 2014Sunday, Oct 26, 2014
 

Dip in Singapore's manufacturing momentum in May

Published on Jun 3, 2014 9:32 PM
 
Workers at Add-Plus, an electronics manufacturing company that makes printed circuit boards. Factories seemed to lose some momentum last month after starting the year on a strong footing. -- PHOTO: ST FILE

SINGAPORE - Factories seemed to lose some momentum last month after starting the year on a strong footing.

The Singapore Purchasing Managers' Index (PMI) dipped in May after reaching a seven-month peak in April.

The monthly gauge of manufacturing activity came in at 50.8 in May, down from 51.1 in April - though it was still above 50 and so remained in expansion mode.

The dip came as as manufacturers reported fewer new domestic and export orders, and lower levels of production and inventory.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos