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Optimism in Singapore manufacturing hints at recovery

Sharon See

Sharon See

Published Fri, Oct 2, 2020 · 09:50 PM

Singapore economy

Singapore

SINGAPORE'S manufacturers appear to be optimistic about business prospects, with September's Purchasing Managers' Index (PMI) remaining in expansionary territory for the third straight month.

September's reading saw a faster expansion at 50.3, inching up 0.2 point from August, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM).

Readings above 50 indicate expansion, while those below connote contraction.

The latest PMI reading was attributed to first-time expansion in the new orders index, and faster rates of expansion in the indices of…

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Singapore manufacturing

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