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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

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Sharon See

Sharon See

Published Tue, Mar 2, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Slower expansion

    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.

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    Singapore economySingapore manufacturing

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