SINGAPORE, March 3 Singapore's manufacturing
activity in February hit a four-month high as production and
inventory grew, an industry survey showed on Monday, even though
regional economic power houses suffered slower expansions.
The Singapore Institute of Purchasing & Materials
Management's Purchasing Managers' index (PMI) rose to 50.9 last
month, the highest since October. That compared with 50.5 in
The institute's PMI for the electronics sector, however,
fell to 51.2 in February from 52.0 in January.
A reading above 50 indicates that manufacturing sector
activity is generally expanding, while levels below that point
to a contraction.
"The increase in the overall PMI was attributed to expansion
in new orders and new export orders as well as production output
and inventory," the institute said in a statement.
Subindexes on production and inventory rose. Subindexes on
new orders and new export orders eased but remained above the
In the first quarter, the city-state's economy grew faster
than expected helped by a surge in manufacturing output with the
industrial sector expected to continue to drive growth in 2014.
China's official manufacturing PMI in February fell to an
eight-month low of 50.2, while South Korea's manufacturing
activity contracted for the first time in five months.
For more PMI reports from around the world, search [PMI M
(Reporting by Jongwoo Cheon; Editing by Chris Gallagher)