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Singapore’s factory activity expands for 10th consecutive month, PMI highest since December 2018 Toggle share menu
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A worker welding steel at a factory in Jurong. (File photo: Reuters)
03 May 2021 09:50PM) Share this content
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SINGAPORE: Singapore’s factory activity expanded for a 10th consecutive month in April, data released on Monday (May 3) by the Singapore Institute of Purchasing & Materials Management (SIPMM) showed.
The Purchasing Managers Index (PMI) recorded an increase of 0.1 point in April to post a faster rate of expansion at 50.9, the highest reading since December 2018 when the PMI was 51.1.
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A PMI reading above 50 indicates that the manufacturing economy is generally expanding, while a figure below that threshold points to contraction.
Singapore s factory activity expands for ninth consecutive month; PMI highest since March 2019 Toggle share menu
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File photo of a manufacturing facility in Singapore. (Photo: AFP/Roslan Rahman)
05 Apr 2021 10:20PM) Share this content
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SINGAPORE: Singapore’s factory activity expanded for the ninth consecutive month, data released on Monday (Apr 5) by the Singapore Institute of Purchasing & Materials Management (SIPMM) showed.
The Purchasing Managers Index (PMI) posted an increase of 0.3 points from the previous month to post a faster rate of expansion at 50.8.
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This is the highest reading recorded since March 2019 when the PMI also posted a reading of 50.8.