Singapore’s PMI improves in December, in contrast to regional weakness
Add BT as a preferred source
Paige Lim
SINGAPORE’S manufacturing sentiment improved further in December, even as regional factory activity continued to be dragged down by weak demand.
Singapore’s purchasing managers’ index (PMI) inched up to 50.5 in December, a 0.2 point gain from the previous month, according to data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Wednesday (Jan 3).
SIPMM executive director Stephen Poh said the latest readings “certainly bode well for the manufacturing sector going into the new year”.
TRENDING NOW
Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
US-China summit: Trump sees ‘better’ ties, Xi warns over Taiwan, as talks conclude
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
