By Gaurav Raghuvanshi
SINGAPORE--Singapore's manufacturing activity in December improved from the previous month, helped by higher production and orders for exports.
The purchasing managers index rose to 50.6 last month from 50.2 in November, the Singapore Institute of Purchasing & Materials Management said Tuesday. This marks the fourth consecutive month the reading has indicated expansion.
"This expansion reading was attributed to a faster rate of expansion in factory output, inventory holding, as well as new orders and new exports," the institute said in a statement.
An index reading above 50 indicates the manufacturing economy is generally expanding. A reading below 50 indicates it is generally contracting.
The PMI forelectronics rose to 51.2 in December from 50.5 in November, the data showed.
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(END) Dow Jones Newswires
January 03, 2017 08:14 ET (13:14 GMT)
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