The manufacturing sector in Singapore continued to expand in February, albeit at a slower pace, the latest survey from Nikkei showed on Thursday with a PMI score of 51.6.
That’s down from 52.5 in January, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, there was marginal growth in total new business as new export order growth slowed.
Output charges increased at the quickest pace in 20 months.
The material has been provided by InstaForex Company – www.instaforex.com