, Singapore

Sustained NODX rebound seen in second half of 2013

Based on latest manufacturing PMI readings.

Maybank Kim Eng notes that Singapore manufacturing PMI for new exports orders gained further to 52.8 in July 2013 (June 2013: 51.5) despite the slight dip in the subindex for electronics to 51.3 (June 2013: 51.7), suggesting the rebound in non-electronics NODX will continue in the next few months.

Meanwhile, the global composite PMI reached its highest level in 16 months of 54.1 in July 2013 (June 2013: 51.2), underpinned by robust global services PMI (July 2013: 54.9; June 2013: 51.1) amid a mild improvement in global manufacturing PMI (July 2013: 50.8; June 2013: 50.6), which hint at improvement in global economic condition – and thus external demand situation – as the country entered 2H 2013. 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.