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<Econ> Singapore Mar S&P Global PMI Falls to 56.7
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According to the Purchasing Managers' Index (PMI) survey released by S&P Global, after a strong performance in February, Singapore's private sector lost growth momentum in March. The seasonally adjusted Singapore PMI stood at 56.7 in March. Although the improvement in business conditions remained above the long-term trend, it declined from 59.2 in February, which was the second-highest reading on record. Despite easing from February's recent peak, overall output and new orders growth remained elevated by historical standards. Hiring activity rose markedly, but the pace of increase was slower than in February as the rise in backlogged orders was less pronounced. Inflationary pressures were substantial, with both cost and charge inflation reaching survey records. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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