SG's factory activity expands for 22nd straight month in April despite challenges in global markets
Accoding to Singapore Instititue of Purchasing and Materials Management (SIPMM), Singapore's factory activity expanded for the 22nd consecutive month in April depite several challenges in the global market.
The Pruchasing Manger's Index (PMI) rose 0.2 points from the previous month to 50.3 in April.
A PMI reading above 50 indicates that the manufacturing economy is generally expanding, while a figure below that threhold points to contraction.
Question here:
What do you think are the reasons for the continued growth in Singapore's manufacturing output?![]()
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What do you think are the reasons for the continued growth in Singapore's manufacturing output?
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Nanari :
UNeverSleppWell : Singapore remains one of the most market-oriented and open economies in the world and is also considered the easiest in which to do business. so i guess this is one of the reason why singapore manufacturing can keep growing. Also, facing with global challenges, Singapore has launched a productiviry drive to boost GDO growth and facilitate its transfromation into a high-tech economy. That's impressive.