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

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.