Manufacturing PMI dipped 0.2 ppt to 52.4 in September

The electronics sector PMI saw a larger slip of 0.6 points to expand at 51.4.

Singapore’s manufacturing purchasing managers’ index (PMI) recorded a slip of 0.2 ppt from August to seal a lower expansion of 52.4 in September, due to lower new orders and new exports, slower factory activity and lower inventory level, the Singapore Institute of Purchasing and Materials Management (SIPMM) revealed.

The report noted that inventory level is lowest since August 2017 at 51.9. New orders dipped by 0.2 points to 54.2.

New exports, output index, stocks of finished good index, and import index all fell 0.3 points to 52.9 and 53.4, 52.7, and 52.0, respectively. Meanwhile, input prices index and employment index inched up by 0.2 and 0.1 points to 51.6 and 51.1, respectively.

Suppliers deliveries index rose 0.2 points to 50.7 whilst order backlog index dipped 0.1 points to 50.1

The electronics sector PMI saw a larger slip of 0.6 points to expand at 51.4 in September. The electronics new orders index fell 0.7 points to 52.8 whilst electronics new exports index dropped 0.4 points to 51.7.

The electronics output index and electronics inventory index both dipped 0.6 points to 52.2 and 51.8, respectively. Meanwhile, electronics finished goods index and electronics imports index fell 0.1 and 0.5 points to 52.4 and 51.2, respectively.

On the contrary, electronics input prices index rose 0.7 points to 51.8. However, electronics employment index dropped 0.5 points to 50.8.

For electronics deliveries, the index inched up 0.3 points to 52.1. However, electronics backlog index went further into the contractionary zone as it dipped 0.4 points to 49.3