The private sector in Singapore continued to expand in January, and at a faster pace, the latest survey from Markit Economics showed on Wednesday with a PMI score of 52.9.

That’s up from 50.5 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Demand improved which panel members linked to promotional efforts, client referrals and the easing of coronavirus disease 2019 (COVID-19) restrictions. New orders increased for the second month running with the rate of growth the strongest since June 2018.

Export levels at the start of the year were broadly unchanged, however. To cater for the growth in new orders, output rose at the sharpest rate since April 2019.

Respondents noted a cut in workforce numbers at the start of the year with voluntary resignations often cited. This extended the current period of reduction to 17 months.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.