04 May '11, 1pm

Singapore April PMI 52.5 vs March's 50.1; highest in 16 months: SINGAPORE, May 4 (Reuters) - Singapore's manufac...

SINGAPORE , May 4 (Reuters) - Singapore's manufacturing sector expanded at its fastest pace in 16 months in April, due to a sharp rise in new export orders and in the electronics sector. The April Purchasing Managers' Index (PMI) rose to 52.5 points from 50.1 in March, the Singapore Institute of Purchasing & Materials Management (SIPMM) said on Wednesday. A separate PMI for the electronics sector rose to 53.0 points from 51.3 in March, amid strong growth in new export orders. OVERALL PMI Apr Mar Feb Jan Dec Nov Oct Sep Aug July 52.5 50.1 52.3 50.5 50.7 51.4 50.7 49.5 49.4 52.2 Electronics Index 53.0 51.3 52.6 50.8 52.2 53.2 49.3 48.5 50.6 55.7 New Export Orders Index 54.1 50.1 51.1 49.1 50.7 52.7 51.6 50.3 49.3 51.8 CONTEXT: - The PMI is produced ahead of government data on manufacturing and exports. - A reading above 50 indicates manufacturing is expanding while a reading...

Full article: http://sg.news.yahoo.com/singapore-april-pmi-52-5-vs-marc...

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