SINGAPORE: Singapore's manufacturing activity improved slightly in November but still contracted for a fifth consecutive month as new orders and production output shrank further, a business survey showed, mirroring a tepid recovery globally.
Singapore's Purchasing Manager's index (PMI) rose to 48.8 points last month from 48.3 in October, the Singapore Institute of Purchasing & Materials Management (SIPMM) said on Tuesday.
A PMI reading below 50 shows activity is contracting. A separate PMI for Singapore's electronics sector showed activity weakened marginally to 47.4 in November from 47.5 in October. Full story
