Manufacturers to pick up speed in year-end

PMI rises to 50.5; bio-med demand likely to drive future growth, say analysts

Published Tue, Nov 3, 2020 · 09:50 PM

Singapore

SINGAPORE manufacturers are heading into the tail months of 2020 with a rosier outlook, after a rocky story over the past year and a half.

The rebound may not be a flash in the pan either, as factory growth could last until at least the new year.

The Purchasing Managers' Index (PMI) reading was 50.5 points in October, up 0.2 point month on month, in its fourth straight month of growth.

Meanwhile, the linchpin electroni…

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