The manufacturing sector in Singapore continued to expand in October, albeit at a slower pace, the latest survey from Nikkei showed on Wednesday with a PMI score of 50.2.
That’s down from the seven-month high of 51.4 in September, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, new orders fell sharply, while total activity advanced at its slowest pace in six months.
Overall inflationary pressures remain weak despite solid wage growth.
The material has been provided by InstaForex Company – www.instaforex.com