S'pore's Nov PMI signals continued manufacturing contraction

[arthur]

Singapore's manufacturing economy contracted in November from the previous month, the latest purchasing managers' index (PMI) showed.

The overall PMI reading improved to 48.8 in November from October's 48.3 But it remained under 50, signalling a contraction of the manufacturing sector.

This was due to further declines in new orders and production output, said the Singapore Institute of Purchasing and Materials Management, which compiles the monthly index.

The PMI for the key electronics sector also pointed to a continued contraction, slipping to 47.4 in November from 47.5 in October.

http://www.businesstimes.com.sg/breaking...n-20121204

[potatolover]

What counters to avoid?

Singapore's manufacturing economy contracted in November from the previous month, the latest purchasing managers' index (PMI) showed.

The overall PMI reading improved to 48.8 in November from October's 48.3 But it remained under 50, signalling a contraction of the manufacturing sector.

This was due to further declines in new orders and production output, said the Singapore Institute of Purchasing and Materials Management, which compiles the monthly index.

The PMI for the key electronics sector also pointed to a continued contraction, slipping to 47.4 in November from 47.5 in October.

http://www.businesstimes.com.sg/breaking...n-20121204