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Further weakening expected
The Straits Times
|April 03, 2025
At home, the challenging trade outlook has cooled manufacturers' hiring sentiments, with the employment sub-index softening for a second consecutive month, he noted.
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Focusing on the changes in the PMI sub-indexes, Associate Professor Goh Puay Guan from NUS Business School's Department of Analytics and Operations said that the rise in supplier deliveries, coupled with a fall in backlog orders, suggests that "supply is catching up to demand".
Meanwhile, DBS senior economist Chua Han Teng noted that input prices of raw materials and components within the headline manufacturing PMI have contracted for a second consecutive month, marking the first such decline since the onset of the Covid-19 pandemic in early 2020.
This story is from the April 03, 2025 edition of The Straits Times.
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