Singapore's manufacturing shows no obvious signs of a slowdown.
Singapore's manufacturing sector expands for 15th straight month
Singapore's manufacturing sector entered its 15th consecutive month of expansion in August, with the Purchasing Managers' Index showing the sector's expansion last month was stronger. The Index rose to a reading of 55 in August from 53.5 previously... The August index reading also shows that the weaker expansion in July was just a blip.
The corresponding index for the key electronics industry shows that electronics firms are now into the 14th month of expansion. And the electronics industry expansion in August was also stronger than in July. Growth in the electronics sector was driven by increases in new orders from both domestic and overseas markets.
The global economic slowdown seems to be affecting Singapore less than most other countries (see also "July industrial output: Singapore up, Korea down"). However, the PMI readings do fluctuate from month to month, and I suspect that there will be a lag before the slowdown in the industrialised economies appear in Singapore as well.
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