Slowdown in factory activity hints at sluggish start to the year for manufacturers
Published on Jan 6, 2014 11:17 PM
The latest economic data hints at an inauspicious start to the year for Singapore's factories.
The purchasing managers' index (PMI) - a leading indicator of factory output - came in at 49.7 last month, a decline of 1.1 points over the previous month.
This was its first contractionary reading in nine months.
A reading above 50 indicates an expansion in manufacturing, while one below 50 indicates a contraction.
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