Singapore PMI summary as of April 2023

Singapore PMI April 2023 – CNA

The April reading of the Singapore Purchasing Managers’ Index (PMI) declined 0.2 point from the previous month to post a further contraction at 49.7. The latest PMI reading was attributed to a faster contraction in the indexes of new orders, new exports, employment, as well as a contraction in factory output and a slower contraction in inventory. The finished goods index recorded a slower contraction and had posted 14 months of continuous contraction. The Electronics Sector PMI declined 0.2 point from the previous month to post a faster contraction at 49.2. The latest sector reading was attributed to a faster contraction in the key indexes of new orders, new exports, inventory, employment, as well as a slower contraction in factory output.

The western bank crisis continues to cloud the global economic uncertainty, with the latest being the troubled First Republic Bank. The overall manufacturing sector had posted a faster contraction rate at the start of the second quarter, and Singapore manufacturers are becoming less optimistic on an immediate recovery following China’s reopening.

Stephen Poh, Executive Director
Singapore PMI and Electronics Sector PMI 1999 - April 2023
Singapore PMI and Electronics Sector PMI 1999 – April 2023

Month/YearSingapore PMIElectronics Sector PMI
April 202349.749.2
March 202349.949.4
February 202350.049.3
January 202349.849.1
December 202249.748.9
November 202249.849.2
October 202249.749.1
September 202249.949.4
August 202250.049.6
July 202250.150.5
June 202250.350.8
May 202250.450.5
April 202250.350.7
March 202250.150.4
February 202250.250.5
January 202250.650.8
December 202150.751.0
November 202150.650.8
October 202150.851.1
September 202150.851.2
August 202150.951.0
July 202151.050.8
June 202150.850.6
May 202150.750.4
April 202150.950.7
March 202150.850.6
February 202150.550.8
January 202150.751.0
December 202050.551.2
November 202050.451.1
October 202050.551.0
September 202050.350.9
August 202050.150.6
July 202050.249.2
June 202048.047.6
May 202046.846.2
April 202044.742.8
March 202045.444.1
February 202048.747.6
January 202050.350.1
December 201950.149.9
November 201949.849.7
October 201949.649.3
September 201949.549.1
August 201949.949.4
July 201949.849.3
June 201949.649.2
May 201949.949.4
April 201950.349.5
March 201950.849.8
February 201950.449.5
January 201950.749.6
December 201851.149.8
November 201851.549.9
October 201851.950.5
September 201852.451.4
August 201852.652.0
July 201852.351.6
June 201852.551.9
May 201852.752.3
April 201852.952.2
March 201853.052.4
February 201852.752.1
January 201853.152.9
December 201752.853.2
November 201752.953.5
October 201752.653.3
September 201752.053.6
August 201751.853.2
July 201751.052.2
June 201750.952.1
May 201750.852.4
April 201751.151.6
March 201751.251.8
February 201750.951.4
January 201751.051.8
December 201650.651.2
November 201650.250.5
October 201650.050.8
September 201650.150.3
August 201649.850.2
July 201649.349.7
June 201649.649.0
May 201649.849.1
April 201649.849.5
March 201649.449.0
February 201648.548.2
January 201649.048.5
December 201549.548.9
November 201549.249.0
October 201548.948.6
September 201548.648.5
August 201549.349.0
July 201549.749.5
June 201550.450.3
May 201550.249.8
April 201549.449.1
March 201549.650.1
February 201549.749.8
January 201549.950.5
December 201449.650.5
November 201451.850.6
October 201451.952.5
September 201450.551.9
August 201449.750.7
July 201451.552.4
June 201450.550.7
May 201450.850.4
April 201451.150.4
March 201450.851.6
February 201450.951.2
January 201450.552
December 201349.750.1
November 201350.851.2
October 201351.251.0
September 201350.550.3
August 201350.551.3
July 201351.850.3
June 201351.751.2
May 201351.151.4
April 201350.351.2
March 201350.651.9
February 201349.452.1
January 201350.249.9
December 201248.646.6
November 201248.847.4
October 201248.347.5
September 201248.750.0
August 201249.150.7
July 201249.849.2
June 201250.450.4
May 201250.450.8
April 201249.751.5
March 201250.251.5
February 201250.451.0
January 201248.750.5
December 201149.549.7
November 201148.750.9
October 201149.552.1
September 201148.347.2
August 201149.448.0
July 201149.349.5
June 201150.450.9
May 201150.851.4
April 201152.553.0
March 201150.151.3
February 201152.352.6
January 201150.550.8
December 201050.752.2
November 201051.453.2
October 201050.749.3
September 201049.548.5
August 201049.450.6
July 201052.255.7
June 201051.350.5
May 201052.253.7
April 201051.951.8
March 201051.153.4
February 201051.953.0
January 201051.453.8
December 200953.352.9
November 200952.051.3
October 200950.249.6
September 200950.652.4
August 200954.455.2
July 200951.555.0
June 200951.155.0
May 200951.252.9
April 200949.251.6
March 200947.148.8
January 200945.043.6
December 200844.841.8
November 200844.346.2
October 200845.849.0
September 200849.553.0
August 200850.652.9
July 200851.651.1
June 200850.651.7
May 200849.049.4
April 200849.350.2
March 200849.450.7
February 200850.351.2
December 200751.052.3
November 200753.853.7
October 200752.954.9
September 200753.954.7
August 200751.753.4
July 200753.353.9
June 200752.353.1
May 200750.051.1
April 200749.751.1
March 200751.153.5
February 200751.550.1
January 200752.652.1
December 200653.455.4
November 200654.656.3
October 200653.454.4
September 200651.752.7
August 200652.351.9
July 200651.050.1
June 200652.748.2
May 200652.352.8
April 200650.451.3
March 200649.652.3
February 200650.851.9
January 200651.550.7
December 200552.254.0
November 200553.555.4
October 200551.454.1
September 200553.155.6
August 200552.253.1
July 200552.152.9
June 200550.549.8
May 200551.052.0
April 200549.751.8
March 200550.853.5
February 200551.553.9
January 200552.452.6
December 200451.851.3
November 200450.351.3
October 200451.552.3
September 200453.253.8
August 200455.054.0
July 200453.551.9
June 200456.856.2
May 200455.754.4
April 200455.255.9
March 200453.453.0
February 200453.152.6
January 200453.852.9
December 200354.555.9
November 200353.254.3
October 200353.957.2
September 200352.052.3
August 200351.352.4
July 200351.452.1
June 200350.849.7
May 200349.448.4
April 200349.951.3
March 200349.749.4
February 200350.450.8
January 200351.051.6
December 200250.951.3
November 200251.750.9
October 200250.649.4
September 200251.653.0
August 200250.852.7
July 200252.354.4
June 200252.153.0
May 200251.952.5
April 200253.253.4
March 200252.452.1
February 200249.649.8
January 200249.350.2
December 200148.349.4
November 200145.946.5
October 200147.146.6
September 200145.644.2
August 200147.846.4
July 200145.442.9
June 200146.544.8
May 200146.844.3
April 200146.245.9
March 200147.445.3
February 200148.644.4
January 200150.945.7
December 200052.550.5
November 200055.353.7
October 200057.656.1
September 200056.458.2
August 200058.464.1
July 200060.863.0
June 200060.462.9
May 200058.160.9
April 200065.166.1
March 200062.564.3
February 200058.259.2
January 200060.265.2
December 199959.860.6
November 199960.664.3
October 199959.866.5
September 199961.767.2
August 199961.468.6
July 199962.467.3
June 199964.964.2
May 199962.466.9
April 199958.354.2
March 199951.552.3
February 199956.560.0
January 199954.656.0
Singapore PMI and Electronics Sector PMI 1999 – April 2023