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What is the purchasing managers' index (PMI)?
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Feb 27, 2019
South China Morning PostFinbarr Bermingham
The Singapore Purchasing Managers’ Index (PMI), a key gauge of the manufacturing sector’s health, fell by 0.2 point to 49.5 following drops in March and April, the Singapore Institute of Purchasing and Materials Management (SIPMM) said on Saturday. Mr Stephen Poh, executive director at SIPMM, said: “(The) outlook of the global economic growth remains lacklustre.” Underscoring the lack of demand, the latest PMI reading for overall manufacturing showed a faster contraction in new orders, new expor
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