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S&P Global PMI

Name: S&P Global PMI
Creator: TipRanks

The S&P Global PMI in Singapore is a monthly economic indicator that measures the performance of the manufacturing sector by surveying purchasing managers on various business conditions such as output, new orders, and employment. It is significant because it provides insights into the economic health of the manufacturing sector, which is a key component of Singapore's economy. A PMI above 50 indicates expansion, while below 50 suggests contraction, influencing financial markets as investors and policymakers use it to gauge economic trends and make informed decisions.