The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) inched down from 51.2 in October to 50.8 in November. The result undershot market expectations of the index remaining unchanged compared to the previous month’s result. The index remains slightly above the 50-point threshold that indicates expansion in the manufacturing sector. The decrease was mainly the result of a fall in manufacturing of new export orders, imports and new orders.
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