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Singapore’s manufacturing PMI continues to rise in December

SINGAPORE, Jan. 2 (Xinhua) — Singapore’s Purchasing Managers’ Index (PMI), a key early indicator of manufacturing activity, edged up by 0.1 points in December to 51.1, marking the 16th consecutive month of expansion, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) Thursday.

This was the highest PMI reading since December 2018.

The electronics sector PMI registered a re