Why China's impressive manufacturing PMI bodes well for Singapore

It edged up to 51.7.

According to Maybank Kim Eng, they expect better numbers on the horizon, taking cue from China’s preliminary HSBC/Markit manufacturing PMI reading for Mar 2013 which rose to 51.7 from 50.4 in Feb 2013, suggesting factory activities in East Asia are shaking off the Lunar New Year holiday effect.

"Meanwhile, Singapore’s PMI for Electronics New Exports Orders came in a stronger 53.2 in Feb 2013 compared to 50.4 in Jan 2013, pointing to an upcoming improvement in the electronics segment," Maybank Kim Eng said in a report.

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