Wednesday, the Singapore Institute of Purchasing & Materials Management reported that the Purchasing Managers' Index for the manufacturing sector stood at 52 in November, up from 50.2 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. Economists had expected the index to edge down to 50. This is the seventh straight month in which the PMI has come in above the neutral level of 50.
The index measuring activity in the electronics sector rose to 51.3 in November from 49.6 in October. At the same time, the new export orders index climbed to 53.6 from 51.3.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.