"/>

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: 芜湖市| 金堂县| 达孜县| 新建县| 梅州市| 西吉县| 元阳县| 菏泽市| 普安县| 洪湖市| 遂溪县| 定州市| 鄂伦春自治旗| 桐柏县| 永平县| 新平| 宝兴县| 大新县| 永济市| 保山市| 绥宁县| 惠安县| 澎湖县| 南溪县| 陆川县| 韶山市| 文昌市| 泸水县| 武城县| 元朗区| 延长县| 鹤山市| 鹤峰县| 嵩明县| 长丰县| 镇巴县| 宁南县| 华池县| 怀来县| 莱西市| 修武县|