Singapore, May 5 : The Singapore purchasing managers' index (PMI), an early indicator of manufacturing activity, grew by 0.2 points from the previous month to post a faster rate of expansion at 50.3 this April, the Straits Times reported on Wednesday.
The overall manufacturing sector has now recorded 22 months of consecutive expansion, according to the Singapore Institute of Purchasing and Materials Management, which publishes the Singapore Purchasing Managers' Index on a monthly basis.
The rise in PMI this April ended a three-month consecutive PMI decrease from 50.7 points in December 2021.
Singapore's electronics sector PMI increased 0.3 points from March to record a faster rate of expansion at 50.7 in April. This is the 21st month of expansion for the electronics sector.
A PMI reading above 50 indicates expansion, while that below 50 indicates contraction.
Source: Xinhua
