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Singapore April factory activity expands at slower pace

PC Lee Published on Tue, May 02, 2017 / 9:15 PM GMT+8

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SINGAPORE (May 2): Factory activity in Singapore grew at a slightly slower pace in April than the previous month due to a decline in new orders, exports, inventory and employment, a survey showed on Tuesday.

The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' Index (PMI) eased to 51.1 from a two-year high of 51.2 in March.

A reading above 50 indicates expansion, while one below that level points to contraction.

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