Layoffs may loom as Singapore factory outlook falls to 2009 levels
The PMI dropped to 45.4 in March - down by 3.3 points from the month before, the lowest reading since February 2009
Add BT as a preferred source
Singapore
SINGAPORE'S factory activity has fallen to levels last seen during the Great Recession, according to early industry figures out on Friday.
As the deadly Covid-19 pandemic continues to ravage the globe, jobs could be next on the chopping block, economic watchers also warned.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
