Singapore PMI eases in Feb, but sentiment remains positive

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.

A reading above 50 on the index indicates growth from the pre…

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