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Global Economic News

Singapore Private Sector Slows In January - Nikkei

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The private sector in Singapore continued to expand in January, albeit at a slower pace, the latest survey from Nikkei revealed on Friday with a PMI score of 51.6.

That's down from 52.0 in December, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and total new orders both expanded at slower rates, although strong job growth gave the index a boost.

Firms raised their prices at a record pace amid rising cost inflation.

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