The private sector in Singapore continued to contract in November, and at a faster pace, the latest survey from Markit Economics showed on Thursday with a services PMI score of 46.7.
That's down from 48.6 in October, and it moved further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output fell back into contraction and there was a sharper fall in demand, while business confidence also slipped.
Employment was reduced further and at the fastest rate for three months as operating capacity remained in surplus.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2168218/
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