Singapore Business Activity Picks Up
October 05 2015 - 12:00AM
Dow Jones News
SINGAPORE—Business activity in Singapore expanded in September,
at a faster pace than the previous month, signaling a further
improvement in overall operating conditions for private sector
firms, according to a new survey.
The Singapore Nikkei Whole Economy Purchasing Managers Index was
at 51.4 in September, compared with 50.8 in August. A reading above
50 indicates expansion in manufacturing activity, while a reading
below that signals contraction.
"Though only modest, the pace of improvement was the strongest
seen since February," the Nikkei-Markit statement said.
HSBC Holdings PLC terminated its relationship with Markit Ltd.
to release PMI surveys for a number of emerging markets at the end
of June. Nikkei Inc. picked up sponsorship for most of the surveys
in Asia and added sponsorship of new PMIs for Singapore and
Malaysia.
The Nikkei PMI was higher than the 48.6 reading for September
from the Singapore Institute of Purchasing & Materials
Management.
Write to P.R. Venkat at venkat.pr@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 04, 2015 23:45 ET (03:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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