Singapore March PMI lowest since August 2020 amid cooling factory activity in Asia

Singapore

SINGAPORE'S factory activity dipped further in March, mirroring a region-wide drop in manufacturing sentiment amid rising prices and supply chain disruptions.

Last month's Purchasing Managers' Index (PMI) fell 0.1 point to 50.1, marking the third month of decline, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Apr 4).