Manufacturing Sector Shows Signs of Stabilization
Singapore’s manufacturing sector returned to expansion in September after six months of contraction, signaling potential stabilization. The Purchasing Managers’ Index (PMI) rose by 0.2 points to 50.1, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM).
A PMI reading above 50 indicates growth from the previous month, while a reading below 50 signals contraction. This uptick suggests that the manufacturing downturn may have reached its lowest point, raising hopes for a more stable outlook in the coming months.
