Dip in Singapore's manufacturing momentum in May
Published on Jun 3, 2014 9:32 PM
SINGAPORE - Factories seemed to lose some momentum last month after starting the year on a strong footing.
The Singapore Purchasing Managers' Index (PMI) dipped in May after reaching a seven-month peak in April.
The monthly gauge of manufacturing activity came in at 50.8 in May, down from 51.1 in April - though it was still above 50 and so remained in expansion mode.
The dip came as as manufacturers reported fewer new domestic and export orders, and lower levels of production and inventory.
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