May 4, 2017 9:30 am JST

Singapore PMI rises to 52.6 in April

TOKYO -- The Nikkei Singapore Purchasing Managers' Index, or PMI, rose to 52.6 in April from 52.2 in March, hitting the highest reading in five months. April's growth was supported by expansions in output and new orders.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

Bernard Aw, an economist at IHS Markit, which compiles the survey, said: "Firms raised selling prices modestly, with anecdotal evidence suggesting that greater competition has limited the extent to which businesses pass on higher costs to consumers. The squeeze on margins may affect future hiring and investment plans even if there were signs of building capacity pressures."

(Nikkei)

See more information online:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Get Insights on Asia In Your Inbox

To read the full story, Subscribe or Log in

Get your first month for $0.99

Redeemable only through the Subscribe button below

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.