July PMI turns positive, but employers' hiring sentiment still weak

Singapore

SINGAPORE's manufacturing sentiment has inched into positive territory in July for the first time in six months, but economists caution that this may not translate into improved hiring sentiment in the second half of 2020.

July's Purchasing Managers' Index (PMI) rose to 50.2 points, a 2.2-point gain from the previous month, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday.