PMI edges up to 50.0 February | Manufacturing Asia
, Singapore
Photo by Vishnu Mohanan on Unsplash

PMI edges up to 50.0 February

It increased by 0.2 points from January.

The Purchasing Managers' Index (PMI) ended its contraction streak in February, with a 0.2-point increase to 50.0.

The Singapore Institute of Purchasing and Materials Management (SIPMM) attributed the increase to “an improvement in the new orders index, an expansion in the factory output index, and a slower contraction in the new exports index.”

Meanwhile, electronics PMI remained in contraction territory at 49.3 despite a 0.2-point increase from January.

SIPMM attributed the increase in electronics PMI to a “slower contraction in the key indexes of new orders, new exports, factory output, and inventory.”

“The latest PMI readings have provided a welcome respite for Singapore manufacturers, as the sector had been hit with dampening global demand, and the worsening macroeconomic risks of high inflation and interest. China’s lifting of strict Covid-19 restrictions have boosted demand and eased the supply situations, but geopolitical risks remain unabated in the global markets,” Sophia Poh, Vice President, Industry Engagement & Development, said.

Follow the link for more news on

Join Manufacturing Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!