New data SIPMM Manufacturing PMI (Jul)
8/2/2024
actual 50.7, previous 50.4
The event is the SIPMM Manufacturing PMI (Purchasing Managers' Index) for July in Singapore. The actual PMI value reported is 50.7, which is an increase of 0.3 from the previous value of 50.4. This event is considered to have a low impact on the market. PMI is a leading indicator of economic health in the manufacturing sector, with a value above 50 indicating expansion and a value below 50 indicating contraction. In this case, the PMI of 50.7 suggests a slight improvement in manufacturing activity in Singapore for the month of July.This is not investment advice. Remember to verify the information provided here.
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