SGD: Singapore reports April PMI today - BBH

Research Team at BBH, suggests that the Singapore reports April PMI during the North American session and the consensus is 49.5 vs. 49.4 in March.

Key Quotes

“The PMI has been below the 50 boom/bust level for nine straight months already, and reflects the weak state of the economy. The forward looking components (new orders and new export orders) have both remained stuck below 50 for an extended period as well, suggesting little relief near-term. No wonder the MAS eased last month.”