Singapore's PMI contracts for 6th straight month, orders fall

China.org.cn, 3 Jan 2012
Singapore's purchasing managers' index (PMI) continued to contract for the sixth straight month at 48.6 in December, a dip from that of 48.8 in November, Singapore Institute of Purchasing and Materials Management (SIPMM) said on Thursday.
"The contraction was due to declines in new orders, new export orders and production output," the SIPMM said in a statement.
In particular, the electronics sector shrank considerably by 0. 8 point over the previous month to reach 46.6 in December. Full story

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