S&P Global Singapore PMI Expands at Faster Pace in April

MT Newswires05-06

The S&P Global Singapore Purchasing Manager's Index posted above the 50.0 no-change mark for the 15th straight month in April, according to survey data released by S&P Global on Wednesday.

PMI edged up to 57.9 in April from 56.7 in March, with the latest figure driven by a record injection of new business.

The acceleration was also attributed to a pick-up in domestic demand, which offset a softer uptick in exports.

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