The April reading of the Singapore Purchasing Managers’ Index (PMI) edged down 0.7 point from the previous month to record a further contraction at 44.7. This is the third month of contraction for the overall manufacturing sector, and is the lowest recorded reading since November 2008 when the reading was 44.3. The Electronics Sector PMI posted a decline of 1.3 points from the previous month to record a further contraction at 42.8. This is the lowest recorded reading since December 2008 when the reading was 41.8.
Anecdotal evidences suggest that many manufacturers were grappling with order cancellations resulting from the global containment measures of the Covid-19 pandemic. The supply chain operating environment has also weakened considerably with the extension of our local circuit breaker measures that affect production capacity and responsiveness.
Ms Sophia Poh, Vice President, Industry Engagement & Development
| Month/Year | Singapore PMI | Electronics Sector PMI |
|---|---|---|
| April 2022 | 50.3 | 50.7 |
| March 2022 | 50.1 | 50.4 |
| February 2022 | 50.2 | 50.5 |
| January 2022 | 50.6 | 50.8 |
| December 2021 | 50.7 | 51.0 |
| November 2021 | 50.6 | 50.8 |
| October 2021 | 50.8 | 51.1 |
| September 2021 | 50.8 | 51.2 |
| August 2021 | 50.9 | 51.0 |
| July 2021 | 51.0 | 50.8 |
| June 2021 | 50.8 | 50.6 |
| May 2021 | 50.7 | 50.4 |
| April 2021 | 50.9 | 50.7 |
| March 2021 | 50.8 | 50.6 |
| February 2021 | 50.5 | 50.8 |
| January 2021 | 50.7 | 51.0 |
| December 2020 | 50.5 | 51.2 |
| November 2020 | 50.4 | 51.1 |
| October 2020 | 50.5 | 51.0 |
| September 2020 | 50.3 | 50.9 |
| August 2020 | 50.1 | 50.6 |
| July 2020 | 50.2 | 49.2 |
| June 2020 | 48.0 | 47.6 |
| May 2020 | 46.8 | 46.2 |
| April 2020 | 44.7 | 42.8 |
| March 2020 | 45.4 | 44.1 |
| February 2020 | 48.7 | 47.6 |
| January 2020 | 50.3 | 50.1 |
| December 2019 | 50.1 | 49.9 |
| November 2019 | 49.8 | 49.7 |
| October 2019 | 49.6 | 49.3 |
| September 2019 | 49.5 | 49.1 |
| August 2019 | 49.9 | 49.4 |
| July 2019 | 49.8 | 49.3 |
| June 2019 | 49.6 | 49.2 |
| May 2019 | 49.9 | 49.4 |
| April 2019 | 50.3 | 49.5 |
| March 2019 | 50.8 | 49.8 |
| February 2019 | 50.4 | 49.5 |
| January 2019 | 50.7 | 49.6 |
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Industry Engagement and Development of SIPMM
