SINGAPORE, Oct. 2 (Xinhua) -- Singapore Institute of Purchasing and Materials Management (SIPMM) announced Friday that the Singapore purchasing managers' index (PMI), an early indicator of manufacturing activity, rose by 0.2 points from 50.1 for August to 50.3 for September, the Straits Times reported.
It is the third straight month to see the Singapore PMI to stand above 50, indicating the city-state's manufacturing activities expanded again. A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction.
Meanwhile, the PMI of Singapore's electronics industry rose from 50.6 to 50.9, the highest since the 51.4 recorded in September 2018.
The manufacturing PMI increased in September mainly due to higher new orders and faster rates of growth in exports, the Straits Times quoted the SIPMM as saying.
According to latest IHS Markit Purchasing Managers' Index data for ASEAN published on Thursday, Singapore's manufacturing PMI in September was 48.
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