Singapore private sector continued to expand in March, and at a faster rate, the latest survey from S&P Global revealed on Tuesday with a PMI score of 52.9. Thats up from 52.5 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Output growth in Singapores private sector continued in March, supported by a strong expansion in demand, albeit both slowing from February. Sub-sector data showed the real estate & business services sector saw the strongest expansion in activity over March.
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