The PMI index is a key barometer indicating a nation’s manufacturing activity. A reading above 50 indicates an expansion in output, while that below 50 points to an industry shrinkage.
Manufacturing sentiment in Singapore for July, was the strongest it has been in nearly three years.
Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) showed a 0.2 point increase in the republic’s Purchasing Managers’ Index (PMI) to 51.0.
