Singapore March PMI Dipped Amid Russia–Ukraine Conflict, Rising Prices

[claireokc]

Singapore’s manufacturing activity dropped further last month, showing the slowest rate of expansion in more than a year-and-a-half. The March reading of the Purchasing Managers’ Index (PMI) dipped 0.1 point to 50.1, which is the lowest since August 2020, according to data published by the Singapore Institute of Purchasing and Materials Management (SIPMM). The PMI is calibrated between 0 and 100. A PMI reading above 50 suggests expansion in factory activity compared to the previous month, while a number below 50 indicates contraction. Although Singapore’s manufacturing economy has been expanding for 21 consecutive months, the expansion significantly slowed entering this year as the PMI continued to decline for the past three months. ...

Source: https://www.theepochtimes.com/singapore ... 96133.html