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Financial News: Singapore PMI Hits Four-Month High - IHH

Singapore PMI Hits Four-Month High - IHH

12/03/2019 - 19:51:00 (RTTNews)

(RTTNews) - The private sector economy in Singapore swung back into expansion territory in November, the latest survey from IHH revealed on Wednesday with a four-month high PMI score of 50.4.

That's up from 47.4 in October and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, an increase in new orders fueled the PMI's rebound back into expansion, although business activity continued to decline.

The rise in overall order book volumes was insufficient to drive business activity higher, as private sector output in Singapore declined in November. That said, higher demand did help curb the downturn to some extent, with the decline slowing notably from October.

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