Growth in Singapore's manufacturing activity eases in February, but economists expect sector to be in the 'driver's seat' in 1Q2021

Singapore’s manufacturing activity remained positive for the eighth consecutive month in February, although momentum appears to have tapered off slightly.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) shows a 0.2 point dip in the republic’s Purchasing Managers’ Index (PMI) to 50.5. 

This follows the 50.7 point expansion logged in the month before.