SINGAPORE (Nov 3): Singapore's manufacturing activity accelerated in October, with the local purchasing managers' index rising to its highest level in nearly eight years.

The overall manufacturing PMI rose to 52.6 last month from 52.0 in September, the Singapore Institute of Purchasing & Materials Management said Thursday.

The PMI reading, which was the highest since December 2009, was the 14th consecutive reading above 50. A reading above 50 indicates expansion.

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