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September PMI improves but outlook remains muted

Service sector shows resilience amid weakness in manufacturing; external economy worrying

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Published Mon, Oct 5, 2015 · 09:50 PM
    Seven-month high

    Singapore

    EVEN as overall business conditions here improved to a seven-month high, according to the latest Nikkei Singapore purchasing managers' index (PMI), economists called for cautious optimism as external factors still put a dampener on Singapore's economic performance.

    The headline PMI, released Monday, rose to 51.4 in September from August's 50.8. Readings above 50 denote better overall operating conditions for private sector companies from the previous month, while numbers below 50 denote a worsening.

    Singapore economySingapore manufacturing

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