Singapore PMI records fourth straight month of expansion in December

Singapore's factory activity grew by 0.2 points in December to reach 50.5, marking the fourth straight month of expansion. A reading above 50 of the Purchasing Managers' Index means growth. The performance was due to higher new orders, new exports and factory output. Electronics expanded by 0.1 point from last month to reach 50.2, with new exports growing for the first time in 16 months. Market watchers said the increase in global electronics demand drove the growth, and they are optimistic about the outlook for the new year. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia