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Home / News / Singapore Economy

Singapore's factory output continues to grow in the first month of 2021

Singapore economy

Singapore's factory output continues to grow in the first month of 2021

Amala Balakrishner Published on Thu, Feb 04, 2021 / 9:17 PM GMT+8

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Manufacturing activity in Singapore continued to improve in January for the seventh consecutive month.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) shows a 0.2 point m-o-m expansion in the republic’s Purchasing Managers’ Index (PMI) to 50.7.

This marks the highest level the index has been at since March 2019 when it was 50.8 points.