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Singapore factory activity up in March, electronics recovers

Singapore economy

Singapore factory activity up in March, electronics recovers

Reuters Published on Tue, Apr 03, 2018 / 7:20 AM GMT+8

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SINGAPORE (April 3): Activity in Singapore factories expanded at a slightly faster pace in March, as the electronics sector rebounded to end a three-month slowdown, a survey showed on Monday.

The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' Index (PMI) rose to 53.0 from the previous month's 52.7.

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

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