Home Dow Jones Newswires .st0{fill:#13A3D7;} .st1{fill:#0E2A31;} Singapore Manufacturing (*50*) Contracted for Third Straight Month in November Published: Dec. 2, 2022 at 8:00 a.m. ET   comments Email icon Facebook icon Twitter icon Linkedin icon Flipboard icon Print icon Resize icon By Clarence Leong (*20*) manufacturing activity contracted in November, but improved from the previous month, mainly owing to a slower contraction in new orders, factory output and stock. The city-state’s purchasing managers index rose to 49.8 in November from 49.7 in October, the Singapore Institute of Purchasing and Materials Management said Friday. The November reading marked the third straight month of contraction. A PMI reading below 50 indicates a contraction. “The weaker global demand and China’s Covid-19 containment measures are weighing on domestic demand despite the year-end festive seasons, although there was some respite from lower cost pressures on local manufacturers,” said Sophia Poh, vice-president of industry engagement and development at SIPMM. “Anecdotal evidences suggest that local manufacturers are less optimistic of the economic outlook going forward into the first half of next year,” she added. The PMI for electronics, which accounts for about a third of (*20*) manufacturing, increased to 49.2 in November from 49.1 in October. Write to Clarence Leong at [email protected] Advertisement Read Next Read Next Barron’s: Blackstone Just Limited Withdrawals From Its Huge Retail Real Estate Fund Its stock has dropped nearly 7% after withdrawal limits are placed on Blackstone Real Estate Income Trust. More On MarketWatch The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market 20 dividend stocks with high yields that have become more attractive right now Barron’s: Salesforce, G-III, Lands’ End, Okta, and More Market Movers 20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty About Dow Jones Newswires .st0{fill:#13A3D7;} .st1{fill:#0E2A31;} Dow Jones Newswires is a market-moving financial and business news supply, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing alternatives, strengthen advisor-client relationships and build investor experiences. Learn More. Community Guidelines • FAQs Advertisement Advertisement Advertisement Partner Center Advertisement Advertisement Advertisement Advertisement Most Popular Advertisement This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be With more than 700 million views on TikTookay, ‘cash-stuffing’ is one of the hottest money trends among the Gen Z set. But pros say this ‘effective’ strategy can be lucrative for millions of others too. ‘It has been a nearly continuous plunge.’ My accounts are down 13% this yr, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore? To pay off $127,000 in debt, these newlyweds moved in with mom This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs as an alternative. Advertisement Partner Content Partner Content & More Trending News

 

By Clarence Leong

(*20*) manufacturing activity contracted in November, but improved from the previous month, mainly owing to a slower contraction in new orders, factory output and stock.

The city-state’s purchasing managers index rose to 49.8 in November from 49.7 in October, the Singapore Institute of Purchasing and Materials Management said Friday. The November reading marked the third straight month of contraction. A PMI reading below 50 indicates a contraction.

“The weaker global demand and China’s Covid-19 containment measures are weighing on domestic demand despite the year-end festive seasons, although there was some respite from lower cost pressures on local manufacturers,” said Sophia Poh, vice-president of industry engagement and development at SIPMM.

“Anecdotal evidences suggest that local manufacturers are less optimistic of the economic outlook going forward into the first half of next year,” she added.

The PMI for electronics, which accounts for about a third of (*20*) manufacturing, increased to 49.2 in November from 49.1 in October.

Write to Clarence Leong at [email protected]

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Singapore Manufacturing (*50*) Contracted for Third Straight Month in November

Published: Dec. 2, 2022 at 8:00 a.m. ET

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By Clarence Leong (*20*) manufacturing activity contracted in November, but improved from the previous month, mainly owing to a slower contraction in new orders, factory output and stock. The city-state’s purchasing managers index rose to 49.8 in November from 49.7 in October, the Singapore Institute of Purchasing and Materials Management said Friday. The November reading marked the third straight month of contraction. A PMI reading below 50 indicates a contraction.

“The weaker global demand and China’s Covid-19 containment measures are weighing on domestic demand despite the year-end festive seasons, although there was some respite from lower cost pressures on local manufacturers,” said Sophia Poh, vice-president of industry engagement and development at SIPMM. “Anecdotal evidences suggest that local manufacturers are less optimistic of the economic outlook going forward into the first half of next year,” she added. The PMI for electronics, which accounts for about a third of (*20*) manufacturing, increased to 49.2 in November from 49.1 in October. Write to Clarence Leong at [email protected]

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This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be

With more than 700 million views on TikTookay, ‘cash-stuffing’ is one of the hottest money trends among the Gen Z set. But pros say this ‘effective’ strategy can be lucrative for millions of others too.

‘It has been a nearly continuous plunge.’ My accounts are down 13% this yr, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?

To pay off $127,000 in debt, these newlyweds moved in with mom

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs as an alternative.

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Singapore Manufacturing (*50*) Contracted for Third Straight Month in November

Published: Dec. 2, 2022 at 8:00 a.m. ET

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By Clarence Leong (*20*) manufacturing activity contracted in November, but improved from the previous month, mainly owing to a slower contraction in new orders, factory output and stock. The city-state’s purchasing managers index rose to 49.8 in November from 49.7 in October, the Singapore Institute of Purchasing and Materials Management said Friday. The November reading marked the third straight month of contraction. A PMI reading below 50 indicates a contraction.

“The weaker global demand and China’s Covid-19 containment measures are weighing on domestic demand despite the year-end festive seasons, although there was some respite from lower cost pressures on local manufacturers,” said Sophia Poh, vice-president of industry engagement and development at SIPMM. “Anecdotal evidences suggest that local manufacturers are less optimistic of the economic outlook going forward into the first half of next year,” she added. The PMI for electronics, which accounts for about a third of (*20*) manufacturing, increased to 49.2 in November from 49.1 in October. Write to Clarence Leong at [email protected]

Advertisement

Read Next

Read Next

Barron’s:

Blackstone Just Limited Withdrawals From Its Huge Retail Real Estate Fund

Its stock has dropped nearly 7% after withdrawal limits are placed on Blackstone Real Estate Income Trust.

More On MarketWatch

The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

20 dividend stocks with high yields that have become more attractive right now

Barron’s:

Salesforce, G-III, Lands’ End, Okta, and More Market Movers

20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty

About Dow Jones Newswires

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.st1{fill:#0E2A31;}

Dow Jones Newswires is a market-moving financial and business news supply,
used by wealth managers, institutional investors and fintech platforms around
the world to identify trading and investing alternatives, strengthen advisor-client
relationships and build investor experiences. Learn More.

Community Guidelines

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Advertisement

Advertisement

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Partner Center

Advertisement

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This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be

With more than 700 million views on TikTookay, ‘cash-stuffing’ is one of the hottest money trends among the Gen Z set. But pros say this ‘effective’ strategy can be lucrative for millions of others too.

‘It has been a nearly continuous plunge.’ My accounts are down 13% this yr, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?

To pay off $127,000 in debt, these newlyweds moved in with mom

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs as an alternative.

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Dow Jones Newswires

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.st1{fill:#0E2A31;}

Singapore Manufacturing (*50*) Contracted for Third Straight Month in November

Published: Dec. 2, 2022 at 8:00 a.m. ET

  comments

Email icon

Facebook icon

Twitter icon

Linkedin icon

Flipboard icon

Print icon

Resize icon

By Clarence Leong (*20*) manufacturing activity contracted in November, but improved from the previous month, mainly owing to a slower contraction in new orders, factory output and stock. The city-state’s purchasing managers index rose to 49.8 in November from 49.7 in October, the Singapore Institute of Purchasing and Materials Management said Friday. The November reading marked the third straight month of contraction. A PMI reading below 50 indicates a contraction.

“The weaker global demand and China’s Covid-19 containment measures are weighing on domestic demand despite the year-end festive seasons, although there was some respite from lower cost pressures on local manufacturers,” said Sophia Poh, vice-president of industry engagement and development at SIPMM. “Anecdotal evidences suggest that local manufacturers are less optimistic of the economic outlook going forward into the first half of next year,” she added. The PMI for electronics, which accounts for about a third of (*20*) manufacturing, increased to 49.2 in November from 49.1 in October. Write to Clarence Leong at [email protected]

Advertisement

Read Next

Read Next

Barron’s:

Blackstone Just Limited Withdrawals From Its Huge Retail Real Estate Fund

Its stock has dropped nearly 7% after withdrawal limits are placed on Blackstone Real Estate Income Trust.

More On MarketWatch

The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

20 dividend stocks with high yields that have become more attractive right now

Barron’s:

Salesforce, G-III, Lands’ End, Okta, and More Market Movers

20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty

About Dow Jones Newswires

.st0{fill:#13A3D7;}
.st1{fill:#0E2A31;}

Dow Jones Newswires is a market-moving financial and business news supply,
used by wealth managers, institutional investors and fintech platforms around
the world to identify trading and investing alternatives, strengthen advisor-client
relationships and build investor experiences. Learn More.

Community Guidelines

FAQs

Advertisement

Advertisement

Advertisement

Partner Center

Advertisement

Advertisement

Advertisement

Advertisement

Most Popular

Advertisement

This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be

With more than 700 million views on TikTookay, ‘cash-stuffing’ is one of the hottest money trends among the Gen Z set. But pros say this ‘effective’ strategy can be lucrative for millions of others too.

‘It has been a nearly continuous plunge.’ My accounts are down 13% this yr, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?

To pay off $127,000 in debt, these newlyweds moved in with mom

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs as an alternative.

Advertisement

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