Singapore manufacturing sector: Purchasing Managers' Index at 50.5 in March
Singapore’s manufacturing sector continued to grow in March, though at a slower pace. The Purchasing Managers' Index eased by 0.1 point to 50.5, marking the eighth consecutive month of growth. Bernard Aw, Chief Economist of Asia Pacific at Coface, talks about how Singapore's performance compares against other regional economies, if external demand might cool further and the durability of the electronic sector amid global uncertainty and oil price surges.
Singapore’s manufacturing sector continued to grow in March, though at a slower pace. The Purchasing Managers' Index eased by 0.1 point to 50.5, marking the eighth consecutive month of growth. Bernard Aw, Chief Economist of Asia Pacific at Coface, talks about how Singapore's performance compares against other regional economies, if external demand might cool further and the durability of the electronic sector amid global uncertainty and oil price surges.
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