Singapore PMI edges higher in December on firmer orders and output
The overall purchasing managers’ index is up 0.1 point at 50.3, marking the fifth straight month of expansion
[SINGAPORE] Factory activity in Singapore grew modestly in December, driven by stronger growth in new orders and factory output.
The Purchasing Managers’ Index (PMI) edged up 0.1 point to 50.3 from November, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Friday (Jan 2).
This marks the fifth straight month of expansion. A reading above 50 indicates expansion, while one below 50 indicates decline.
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