Singapore factory activity rises in July, bucking regional trend
Factory activity in Singapore powered to another two-year high last month in contrast with the sluggish performance of regional manufacturers.
The Purchasing Managers' Index (PMI) - a gauge of anticipated factory orders - rose to 51.8 in July, according to the latest index released on Thursday.
A reading above 50 signals expansion while one below 50 indicates contraction.
The figure was 0.1 point higher than June's and marked a fifth straight month of expansion.