Singapore manufacturing strengthens slightly in February

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Singapore’s purchasing managers’ index (PMI) strengthened in February, as factories reported a rise in new orders and production levels.

The PMI edged up to 50.9, up from the reading of 50.5 in January and staying above the key 50-point level for a second month.

A PMI reading above 50 indicates manufacturing is expanding, while a figure below that shows activity is contracting.

The corresponding index for the electronics sector came in at 51.2 – supported by growth in new orders from domestic and overseas markets.

This is a dip of 0.8 point over January, but it is now the 13th straight month that the sector is expanding.

The readings indicated further growth in new orders from domestic and overseas markets.

The uptick in Singapore contrasts with PMI data from the region, which generally showed manufacturing weakening in economies such as China and South Korea.

Singapore’s PMI numbers are closely-watched because manufacturing accounts for more than 25 per cent of GDP.




Source : Channel News Asia | March 3, 2014


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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