By Fabiana Negrin OchoaSINGAPORE--A key gauge of Singapore's manufacturing activity expanded for a third straight month in November, signaling that the sector's recovery is on track. The purchasing managers index rose to 50.3 in November from 50.2 in October, the Singapore Institute of Purchasing and Materials Management said Saturday. The PMI for electronics, which accounts for about a third of the city-state's manufacturing activity, returned to expansion in November, rising to 50.1 from 49.9 in October, the data showed. Local manufacturing activity has continued to expand despite continued global geopolitical and macroeconomic uncertainties, said Stephen Poh, executive director at SIPMM. Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com(END) Dow Jones Newswires12-03-23 2012ET

Source: Wall Street Journal December 04, 2023 01:19 UTC