Singapore's tech PMI disappointingly dipped to 50.3 in September

Blame it on weaker output.

According to CIMB, it has been a mixed performance for tech manufacturers so far this year.

After a surprisingly decent half-year (unchanged 51.3 in 1Q13 and 2Q13 vs. 47.2 in 4Q12), tech PMI slipped in 3Q13, dipping in two of the three months to an average 50.6.

Here's more from CIMB:

The Sep tech PMI reading is 50.3, having declined 1 pt, in line with our forecast but lower than consensus’s 51.0.

Blame this on weaker output (-1.8 pts), new orders (-2.3 pts) and backlog orders (-0.5 pt).

The fragile nature of the current tech recovery is reflected in the slight pullback in PMI readings.

Average new orders dipped 0.6 pt to 52.2 in 3Q13 (53.1 in 1Q13 and 52.8 in 2Q13) and backlog orders declined 0.5 pt to 52.8 in 3Q13 from 53.3 in 2Q13.

Given this, together with a slight dip in the orders-to-finished tech goods ratio of 1.09x vs. 1.10x in 2Q13 (1.07x in 2H12), it remains a fragile tech recovery.

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia