Tuesday, December 05, 2006

Market news: Singapore Nov PMI 54.6 pts vs 53.4 in Oct

The overall purchasing managers' index (PMI) rose to 54.6 points last month from 53.4 points in October, driven by strong electronics orders and production, the Singapore Institute of Purchasing and Materials Management said. "The increase in the overall PMI was attributed to higher new orders and as well as higher levels of production and inventory," the institute said. The electronics sector PMI rose to 56.3 points last month from 54.4 points in October, the institute said, the sector having recorded stronger orders and levels of production.

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