The Singapore Purchasing Managers’ Index (PMI) was at 50.7 points in May.

The Singapore Purchasing Mangers’ Index (PMI) was recoreded at 50.7 points in May.

Despite a decrease of 0.2 points from April’s 50.9, a score of above 50 denotes an expansion in factory output.

The PMI has consistently been above the 50 point level since July of 2020, following a long period of contraction from February to June of 2020.