PMI decreased to 49.1 in August.

By bne IntelliNews September 5, 2012
Singapore's purchasing managers index (PMI) decreased to 49.1 in August this year, as compared with 49.8 in July. As reported by Dow Jones Global Equities News, the decline has been attributed to contraction in the overall PMI to a decline in new orders and a first-time contraction in stockholdings of finished goods and imports. The PMI for electronics sector improved to 50.7 during the period from 49.2 in July as new export orders and production output grew.

PMI decreased to 49.1 in August.

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