SINGAPORE -(Dow Jones)- Singapore's manufacturing ticked up in August but remained contractionary for a second month, as softening global demand continued dragging on the city-state's export-dependent economy.
The island nation's purchasing managers' index inched up to 49.4 in July from 49.3 in July, the Singapore Institute of Purchasing & Materials Management said Monday.
A PMI reading above 50 indicates an expansion in manufacturing; anything below that indicates a contraction. Manufacturing in Singapore had expanded for nine consecutive months before July's contraction. Full story
