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Singapore's factory activity continues growth trend for third month in September

Singapore economy

Singapore's factory activity continues growth trend for third month in September

Amala Balakrishner Published on Sat, Oct 03, 2020 / 4:09 PM GMT+8

Singapore's factory activity continues growth trend for third month in August - THE EDGE SINGAPORE

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Singapore’s manufacturing activity remained in the green in September, growing faster than in the previous two months.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Oct 2 shows that the republic’s Purchasing Manager’s Index (PMI) edged up 0.2 points to hit 50.3 points.

SIPMM attributes last month’s growth to an increase in the number of new orders and a faster rate of growth in manufacturing exports.

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