Singapore International Political Economy

The Singapore economy is showing signs of stabilization as the Singapore Purchasing Managers Index (PMI) hit a reading of 49.2 in the month of April according to Reuters.

The positive Singapore economic news comes despite the continued damage to Singapore export from lack of demand due to the global recession.

A reading of above 50 on the Purchasing Managers Index (PMI) suggests growth in the Singapore economy as opposed to contraction with reading below 50.