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SIPMM Manufacturing PMI

Name: SIPMM Manufacturing PMI
Creator: TipRanks

The SIPMM Manufacturing PMI is a key economic indicator in Singapore that measures the health of the manufacturing sector by surveying purchasing managers on production levels, new orders, inventories, supplier deliveries, and employment. A PMI above 50 indicates expansion, while below 50 suggests contraction. It is significant as it provides insights into economic trends and business conditions, influencing monetary policy and investor sentiment. The PMI's release can impact financial markets by affecting stock prices, currency value, and investment decisions.