Singapore Sept factory activity growth fastest in more than six years

SINGAPORE (Oct 2): Activity in Singapore's manufacturing sector rose for the 11th consecutive month in September to hit a more than six year high, a survey showed on Monday.

The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' Index (PMI) climbed to 52.0 from the previous month's 51.8, the highest reading since April 2011 when the PMI was at 52.5.

A reading below 50 suggests contraction, while one above that level points to expansion.

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