Singapore International Political Economy

The Purchasing Managers’ Index (PMI) in the Singapore economy fell in August by 1.8 points to 50.6 according to The Straits Times.

While the 50.6 reading does signal expansion in the Singapore economy manufacturing sector, the dip from last months 52.4 reading is concerning.

Key drivers of the decline are continued week demand fro exports particularly in the electronics sector in the wake of the global recession in addition to a lessening impact of the Singapore government stimulus package.