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Singapore’s manufacturing PMI declines to 50 in August

SINGAPORE, Sept. 3 (Xinhua) — The Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, edged down 0.1 points from the previous month to remain on expansion at 50 this August.

The overall manufacturing sector had recorded 26 consecutive months of expansion, the Singapore Institute of Purchasing and Materials Management (SIPMM), which publishes the Singapore Purchasing Manager