Singapore PMI eases in Feb, but sentiment remains positive
PMI of 50.5, down 0.2 point from the previous month, may be due to Chinese New Year holidays
Singapore
OPTIMISM appears to prevail among Singapore manufacturers, with the Purchasing Managers' Index (PMI) in positive territory last month, although momentum appears to have tapered slightly.
February's PMI came in at 50.5, down 0.2 point from the previous month, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Tuesday. This marks the eighth straight month of expansion for the overall manufacturing sector.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
NTUC aims to do more to support PMEs, who now account for nearly half its membership
Daily Debrief: What Happened Today (Apr 25)
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Daily Debrief: What Happened Today (Apr 23)