"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Singapore's manufacturing PMI falls to 52.3 in July
Source: Xinhua   2018-08-02 21:39:11

SINGAPORE, Aug. 2 (Xinhua) -- Singapore Institute of Purchasing and Materials Management (SIPMM) said on Thursday that the country's purchasing managers' index (PMI), an early indicator of manufacturing activity, declined 0.2 points from 52.5 in May to 52.3 in July.

It marks the 23rd month of consecutive expansion of Singapore's manufacturing sector.

Meanwhile, the PMI of Singapore's electronics industry dropped from 51.9 to 51.6, marking the 24th month of consecutive expansion of Singapore's electronics industry.

A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction.

Selena Ling, head of Treasury Research & Strategy of OCBC Bank, attributed the lower print for the manufacturing PMI to slower growth in new orders, new exports, factory output and inventory levels. She said there was a similar story seen in the electronics PMI sub-gauges.

"Moreover, there is sustained contraction for both the manufacturing and electronics sectors' order backlog gauges, coupled with rising stocks of finished goods," she said. "They suggest that the PMI readings will continue to slide in the coming months."

According to Ling, Singapore's manufacturing growth will slow down significantly from around 9.2 percent year-on-year in the first half of this year to around 1.9 percent in the second half, partly due to the high base in July-October 2017 and also the external uncertainties.

Considering Singapore's GDP growth for the first six months of this year was estimated at 4.1 percent year-on-year, and the services sector was expected to take the drivers' seat in the second half, Ling said the OCBC's GDP growth forecast for the second half of 2018, which stands at around 2 percent year-on-year, was still reasonable. Thus, the bank will maintain its full-year GDP growth forecast at 3 percent.

Editor: xuxin
Related News
Xinhuanet

Singapore's manufacturing PMI falls to 52.3 in July

Source: Xinhua 2018-08-02 21:39:11
[Editor: huaxia]

SINGAPORE, Aug. 2 (Xinhua) -- Singapore Institute of Purchasing and Materials Management (SIPMM) said on Thursday that the country's purchasing managers' index (PMI), an early indicator of manufacturing activity, declined 0.2 points from 52.5 in May to 52.3 in July.

It marks the 23rd month of consecutive expansion of Singapore's manufacturing sector.

Meanwhile, the PMI of Singapore's electronics industry dropped from 51.9 to 51.6, marking the 24th month of consecutive expansion of Singapore's electronics industry.

A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction.

Selena Ling, head of Treasury Research & Strategy of OCBC Bank, attributed the lower print for the manufacturing PMI to slower growth in new orders, new exports, factory output and inventory levels. She said there was a similar story seen in the electronics PMI sub-gauges.

"Moreover, there is sustained contraction for both the manufacturing and electronics sectors' order backlog gauges, coupled with rising stocks of finished goods," she said. "They suggest that the PMI readings will continue to slide in the coming months."

According to Ling, Singapore's manufacturing growth will slow down significantly from around 9.2 percent year-on-year in the first half of this year to around 1.9 percent in the second half, partly due to the high base in July-October 2017 and also the external uncertainties.

Considering Singapore's GDP growth for the first six months of this year was estimated at 4.1 percent year-on-year, and the services sector was expected to take the drivers' seat in the second half, Ling said the OCBC's GDP growth forecast for the second half of 2018, which stands at around 2 percent year-on-year, was still reasonable. Thus, the bank will maintain its full-year GDP growth forecast at 3 percent.

[Editor: huaxia]
010020070750000000000000011100001373643961
主站蜘蛛池模板: 曲麻莱县| 皮山县| 贵州省| 衡水市| 义乌市| 北安市| 乐亭县| 东乌珠穆沁旗| 平武县| 遂昌县| 车险| 顺昌县| 桃园市| 阜宁县| 类乌齐县| 林西县| 峡江县| 界首市| 乐亭县| 伊金霍洛旗| 和田县| 陆川县| 张掖市| 高邮市| 岫岩| 尚志市| 镇平县| 成武县| 南岸区| 新干县| 大埔区| 保山市| 张家港市| 永吉县| 东兰县| 新乐市| 伊川县| 黔西县| 怀柔区| 武义县| 茂名市|