The private sector in Singapore slipped into contraction in August, the latest survey from HIS Markit revealed on Wednesday with a PMI score of 48.7.
That's down from 51.0 in July, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, business activity was impacted by soft demand conditions. Firms tapered their input purchasing and employment growth eased.
The survey's outlook for the coming year remained subdued.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2142557/
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