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Financial News: Singapore Business PMI Falls Into Contraction - Nikkei

Singapore Business PMI Falls Into Contraction - Nikkei

10/02/2018 - 20:41:00 (RTTNews)

(RTTNews) - The private sector in Singapore slipped into contraction in September, the latest survey from Nikkei revealed on Wednesday with a PMI score of 49.6.

That's down from 51.1 in August, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were sharp declines in both output and new orders - while export sales also tumbled further.

The survey also showed that firms raised charges again, despite lower input costs.

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