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Manufacturing sentiment positive in December
PMI gets past 50. Economists say battered sector may have begun a turnaround, though uncertainties are still around
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Published Fri, Jan 3, 2020 · 09:50 PM
Singapore
SINGAPORE'S manufacturing sentiment entered positive territory for the first time in eight months in December - prompting economists to suggest that the worst may be over for the sector that has taken battering from the US-China trade war.
The Purchasing Managers' Index (PMI) went up by 0.3 points in December from the preceding month to record a marginal expansion at 50.1, said the Singapore Institute of Purchasing and Materials Management (SIPMM) on Friday.
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