ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Nikkei PMI

Singapore PMI in July points to slowing momentum

TOKYO – Singapore's private sector economy grew at a subdued pace in July, suggesting that the momentum is slowing for the second half of the year. 

The Nikkei Singapore Purchasing Managers' Index, or PMI, fell to 53.0 in July from 56.0 in June, marking the weakest reading so far this year.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

The less upbeat reading reflects sluggish export sales, weaker jobs growth, and a slower pace of inventory buildup.

"After a solid first half of the year, the Nikkei PMI data showed a loss of growth momentum in Singapore's private sector economy in July," said Bernard Aw, principal economist at IHS Markit, which compiles the survey. 

"Survey indices also suggest that the stellar performance in the first half may not repeat in the second half of 2018," Aw said.

IHS Markit expects Singapore's economic growth to moderate to around 2% in the second half, down from 4.1% in the first half amid a winding down of the electronics cycle.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases  

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends May 26th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media