S\\\'pore July PMI at 1-year peak
Tuesday, 5 August 2014
SINGAPORE, Aug 4 (Reuters): Singapore's manufacturing activity expanded in July at its fastest rate in a year as orders in the key electronics sector surged, a survey showed on Monday, adding to evidence that factory activity across Asia picked up last month.
The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' index (PMI) rose to 51.5 in July, the highest since July 2013. That compared with 50.5 in June.
The July PMI for Singapore's electronics sector jumped to 52.4, also the highest since April 2011.