Whole-economy PMI edges up to 52.3 in August

Singapore

SINGAPORE firms posted an improvement in operating conditions in August, with the headline Nikkei Singapore purchasing managers' index (PMI) rising to 52.3 from July's 50.7.

Although this represented only a modest strengthening, the latest reading signalled the fourth consecutive monthly improvement, said IHS Markit, the financial-information services provider which compiles the index.