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Whole-economy PMI slumps to 49.4 in April

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SINGAPORE'S economy could be off to a soft start in the second quarter of 2016.

Singapore

SINGAPORE'S economy could be off to a soft start in the second quarter of 2016.

In a sharp about-turn, the whole-economy purchasing managers' index (PMI) fell to 49.4 in April - a drop from March's 52.0 reading, and the first contraction in almost a year.

Indeed,