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Singapore factory activity expands at slower pace in December

Singapore economy

Singapore factory activity expands at slower pace in December

Reuters Published on Wed, Jan 03, 2018 / 11:16 PM GMT+8

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SINGAPORE (Jan 3): Activity in Singapore factories rose for the 14th consecutive month in December, but at a slightly slower pace than the month before, a survey showed on Wednesday.

The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' Index (PMI) slipped to 52.8 after reaching the highest level in 8 years in November at 52.9.

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

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