Singapore's PMI manufacturing gauge hits a near 8-year high

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Singapore

Singapore's PMI manufacturing gauge hits a near 8-year high

(Updated: )

Singapore's manufacturing sector expanded again in November to record its highest reading in nearly eight years. The Purchasing Managers' Index (PMI) - an early indicator of manufacturing activity - came in at 52.9, an increase of 0.3 from the previous month, according to data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Dec 4).

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