A marginal dip in manufacturing activity in October points to a slight slowdown in the sector, but this may just be a blip in the data for now, economists say.
October's purchasing managers' index (PMI) eased to 50.8 points, down from 51 points in September. A barometer of the manufacturing sector, PMI readings above 50 indicate growth, while those below signal contraction.
Electronics remains a crucial driver of economic growth, despite its PMI also posting a slight drop to 51.4 points, from 51.5 points in September, according to data released by the Singapore Institute of Purchasing and Materials Management on Nov 2.
At the sub-index level, imports, employment and supplier deliveries saw marginal improvements in both the main and electronics PMIs.
In comparison, stocks of finished goods and backlogs of orders advanced for the main PMI but retreated for electronics. All other sub-indices registered small declines for both PMIs.
هذه القصة مأخوذة من طبعة November 04, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 04, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
TACKLE PLASTIC WASTE, ONE NAIL AT A TIME
Before global leaders take the problem of plastic pollution into their hands in November, Japanese manicurist Naomi Arimoto is putting it on her fingernails.
Unpacking Ireland's cultural and creative renaissance
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Jung Ho-yeon and Lee Dong-hwi split
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Dorothy's ruby slippers to go under the hammer
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Artist Julie Mehretu opens solo Show in Sydney
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Wicked's renowned costume designer returns to Oz
Tony Award-winning designer Paul Tazewell first created costumes for The Wizard Of Oz in a high-school production
ULTIMATE SELF-CARE
'Tis the season to treat yourself at spas and salons, which have introduced a slew of treatments for head-to-toe pampering
Fifa using $67m legacy fund for social initiatives
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THE MARATHON BIKER GUY
Veteran Aussie has cycled over 50 courses in 12 years to ensure the route is 42.195km
Emery upbeat despite late drama against Juve
DIFFERENT PERSPECTIVE
