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Singapore factory outlook edges up in Aug, but still in contraction

Wednesday, September 4, 2019 - 05:50

SINGAPORE’S manufacturing sentiment edged up in August, though in contraction for the fourth straight month. The Purchasing Managers’ Index (PMI) stood at 49.9, up 0.1 point from July. A reading over 50 indicates expansion from the previous month, while one under 50 indicates contraction.