Singapore PMI falls, Intel provides silver lining

Singapore continues to see its economy decelerating, with its purchasing managers' index falling 1.2 points to 50.3 in November. Main contributors to the fall were the sub-indexes for new orders, new export orders, employment, inventory and input prices. The electronics sub-index came in at 51.3, down one point from October.

A silver lining from yesterday, however, was the report that Intel has raised its revenue outlook for the current quarter to a potentially all-time high of $9.3 billion to $9.5 billion, up from an earlier target of $8.6 billion to $9.2 billion. This suggests that there is still life in the electronics sector, a major component in Singapore's manufacturing.