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Singapore's factory output continues growth trend in final month of 2020

Amala Balakrishner
Amala Balakrishner1/4/2021 10:36 PM GMT+08  • 3 min read
Singapore's factory output continues growth trend in final month of 2020
The eventful 2020 closes with Singapore’s manufacturing activity continuing to grow in December
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Manufacturing activity in Singapore remained buoyant in December 2020 for the sixth consecutive month.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Jan 4 shows a 0.1 point month-on-month expansion in the republic’s Purchasing Manager's Index (PMI) to 50.5.

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

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