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Singapore’s PMI up a tad in March as region-wide factory activity improves

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Paige Lim

Paige Lim

Published Tue, Apr 2, 2024 · 09:00 PM
    • The linchpin electronics sector improved by 0.4 point in March, posting a faster expansion at 50.8 and staying in expansion territory for the fifth straight month.
    • The linchpin electronics sector improved by 0.4 point in March, posting a faster expansion at 50.8 and staying in expansion territory for the fifth straight month. PHOTO: BT FILE

    SINGAPORE’S manufacturing sentiment inched up in March, as region-wide factory activity continued making modest improvement.

    The purchasing managers’ index (PMI) edged up to 50.7 during the month, posting slightly faster growth than February’s 50.6 reading, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) released on Tuesday (Apr 2).

    A PMI reading above 50 indicates growth from the previous month, and one below 50, a contraction.

    Singapore manufacturingSingapore economy

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