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PMI's Expanding, Bucking Regional Trends.

SINGAPORE


  • Singapore’s PMI bucked regional trends, surprising to the upside.
  • With a prior print of 57.2, today’s release came at 57.6 surprising markets, and being the highest print since 2022.
  • Today’s print is also ahead of August last year’s print at 53.6 indicating that the ongoing expansion in Singapore is continuing.
  • Output expanded to 59.2 (from 58.8 in July)
  • New orders at the highest level since September 2022.
  • This is a very strong release for one of Asia’s most open of economies, at a time when PMI’s in the region have been moderating.

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