SINGAPORE: Activity at Singapore’s factories in November expanded marginally in November, helped by new orders and exports, a private survey showed on Friday.
The Singapore Institute of Purchasing & Materials Management’s Purchasing Managers’ Index (PMI) rose to 50.2 from October’s 50.0. A reading below 50 suggests contraction, while one above that level points to expansion.
While barely in positive territory, it was the highest reading since June 2015, when the PMI was at 50.4.
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