Global Economic News

Singapore Private Sector PMI Falls To 51.4

The private sector in Singapore continued to expand in May, although at a slower rate, the latest survey from Nikkei showed on Monday with a PMI score of 51.4.

That's down from 52.6 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were slower rises in both output and total new orders, while employment was broadly stagnant.

A marked easing in cost inflation saw a softer rise in charges.

by RTTNews Staff Writer

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