The private sector in Singapore continued to contract in July, albeit at a slower pace, the latest survey from Markit Economics showed on Wednesday with a five-month high PMI score of 45.6.
That’s up from 43.2, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, export orders increased for the first time in a year, although job shedding persisted as cost inflation accelerated.
Total new orders contracted for a sixth straight month, though the rate of decline was the weakest since January.
The material has been provided by InstaForex Company – www.instaforex.com