Singapore Private Sector PMI Slips To 51.8 In April - Markit

By Rtt News Staff Writer8 days ago

The private sector in Singapore continued to expand in April, albeit at a slower pace, the latest survey from Markit Economics showed on Wednesday with a services PMI score of 51.8.

That's down from 53.5 in March although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

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Wholesale & retail was the strongest-performing sub-sector in April, whilst the construction sector also supported the headline PMI reading. In contrast, the performances of the manufacturing and services sectors weakened since March.

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