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Singapore's PMI slows for second consecutive month; economists brace for further slowdown amid supply chain disruptions

Amala Balakrishner
Amala Balakrishner10/7/2021 2:30 PM GMT+08  • 3 min read
Singapore's PMI slows for second consecutive month; economists brace for further slowdown amid  supply chain disruptions
"Momentum could have peaked and a slowdown is on the cards," says Selena Ling, chief economist of OCBC Bank.
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Sentiment around Singapore’s manufacturing eased for the second consecutive month in September.

Data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) showed a 0.1 point dip in the republic’s Purchasing Manager’s Index (PMI) to 50.8, from 50.9 in August.

This follows slower increase in new orders, new exports, factory output, inventory and employment.

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