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Singapore's private sector grew strongest in a year in September, fueled by rebounding demand and expansion across key areas.
Singapore's private sector saw its strongest growth in a year in September, with the PMI rising to 56.4 from 51.2 in August, marking eight straight months of expansion.
Demand rebounded after a August slowdown tied to U.S. tariffs, boosting new business, employment, purchasing, and inventory.
Forward-looking indicators point to continued growth in the fourth quarter, though rising price pressures warrant monitoring.
In a separate report, manufacturing PMI edged up to 50.1, just above expansion territory, driven by gains in the electronics sector.
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El sector privado de Singapur creció más fuerte en un año en septiembre, impulsado por la recuperación de la demanda y la expansión en áreas clave.