The private sector in Singapore continued to expand in November, and at a faster rate, the latest survey from S&P Global revealed on Tuesday with a PMI score of 55.8.
That's up from 53.7 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Central to the latest improvement in conditions was stronger demand growth. New business expanded at the fastest rate in six months, buoyed by marketing activities and rosier underlying demand conditions.
Foreign demand, while still subdued, deteriorated at the softest pace since June and one that was modest overall. Higher overall new business drove an eleventh monthly expansion in private sector output in November.
