Singapore: Manufacturing PMI inches up in October

In October, the manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched up from 50.5 points in September to 51.2 points, which barely overshot the 50.9 points the market had expected. The index remains above the 50-point threshold that indicates expansion in the manufacturing sector. The improvement came on the back of an increase in manufacturing of new orders as well as in new export orders.

Read more about Singaporean PMI.

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