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Singapore’s manufacturing PMI declines to 49.7 in December

januari 03, 2023by Reacties uitgeschakeld voor Singapore’s manufacturing PMI declines to 49.7 in December

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SINGAPORE, Jan. 3 (Xinhua) — The Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, decreased 0.1 points from the previous month to post a fourth month of continuous contraction at 49.7 in December 2022.

A PMI reading above 50 indicates expansion, while a reading below 50 indicates contraction.

The latest PMI reading was attributed to a faster contraction in the key

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