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Singapore Maunfacturing Purchasing Managers Index (PMI)

Latest Release

Oct 02, 2024

Actual

51.0

50.9

The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.
A reading that is stronger than forecast is generally supportive (bullish) for the SGD , while a weaker than forecast reading is generally negative (bearish) for the SGD.

Importance:

Country:

Currency: SGD

Source: SIPMM Central Office

Release Date	Time	Actual	Previous
Nov 02, 2024 (Oct)	13:00		51.0
Oct 02, 2024 (Sep)	13:00	51.0	50.9
Sep 02, 2024 (Aug)	13:00	50.9	50.7
Aug 02, 2024 (Jul)	13:00	50.7	50.4
Jul 02, 2024 (Jun)	13:00	50.4	50.6
Jun 03, 2024 (May)	13:00	50.6	50.5

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Manufacturing PMI Discussion

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