The PMI index is a key barometer indicating a nation’s manufacturing activity. A reading above 50 indicates an expansion in output, while that below 50 points to an industry shrinkage.
Sentiment around Singapore’s manufacturing sector remained buoyant in June for the twelfth consecutive month.
Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) showed a 0.1 increase in the republic’s Purchasing Managers’ Index (PMI) to 50.8.
