SINGAPORE, June 4 (Xinhua): Singapore's Purchasing Managers' Index (PMI) dropped to 50.8 in May from 51.1 of the previous months, reflecting that the manufacturing sector expanded at a slower pace in May, according to statistics released on Tuesday.
The slowdown in pace came as employment contracted for a second month and the stockholding of finished goods declined.
A separate PMI for the electronics sector was unchanged at 50.4, the Singapore Institute of Purchasing & Materials Management said.
A PMI reading above 50 shows that activity in the manufacturing sector is expanding, while a reading below that indicates contraction.
Singapore's PMI reading has been in positive territory since the start of the year.
Singapore PMI falls to 50.8 in May
FE Team | Published: June 05, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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