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Nikkei PMI

January PMI shows growth momentum slowing in Singapore

TOKYO -- Singapore's private sector grew marginally in January, with output stopping its expansion for the first time since September and new business growth weakening further.

The Nikkei Singapore Purchasing Managers' Index, or PMI, decreased to 50.1 in January from 52.7 in December, edging closer to a state of stagnation. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

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