Singapore Manufacturing Sees Modest Expansion

(RTTNews) - Singapore's manufacturing sector expanded for the third straight month in December, albeit at a marginal rate, a fresh survey showed on Tuesday.

The Singapore Institute of Purchasing and Materials Management purchasing managers' index fell to 50.7 from 51.4 in November. Anything above 50 indicates expansion.
The PMI for the electronics sector came in at 52.2 in December, down from 53.2 in the preceding month.
The fall in the PMI reflects slower growth in new orders from both the domestic and overseas markets, the SIPMM said.