Singapore's factory output continues to grow in November

Manufacturing activity in Singapore remained buoyant in November for the fifth consecutive month, albeit at a lower level than the previous month.

Data released by the Singapore Institute of Purchasing and Materials Management (SPIMM) on Dec 3 shows a 0.1 point dip in the republic’s Purchasing Manager’s Index (PMI) to 50.4. 

This follows a 50.5 point expansion in October, which marked the highest level the index has been at since March 2019 when it was 50.8 points.