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S'pore manufacturing activity picks up at slower rate in May

PMI reading dips 0.3 point from April to 50.8; electronics PMI continues uptrend by rising 0.8 point to 52.4

Published Fri, Jun 2, 2017 · 09:50 PM

Singapore

CONDITIONS in Singapore's manufacturing sector continued to improve for the ninth straight month in May 2017, although at a slower rate than it did in April.

The overall Singapore Purchasing Managers' Index (PMI) - a leading indicator of manufacturing activity - stood at 50.8 in May, a dip of 0.3 point from the previous month.

This is partly attributed to the contraction of the employment index to 49.7…