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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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