Manufacturing sentiment in Singapore for July, was the strongest it has been in nearly three years.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) showed a 0.2 point increase in the republic’s Purchasing Managers’ Index (PMI) to 51.0.

The PMI index is a key barometer indicating a nation’s manufacturing activity. A reading above 50 indicates an expansion in output, while that below 50 points to an industry shrinkage.

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