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Industrial REITs
Source: Trading Economics
Singapore’s Purchasing Manager Index (PMI) has been recording an expansion for the eighth consecutive month. Apart from expanding consistently, economic indicators also point towards faster expansion in the manufacturing sector. This encouraging economic data is a positive sign for the industrial sector’s demand as industrial demand shows signs of picking up since the start of 2017. With the industrial REITs having suffered from an oversupply since 2014, the positive signs of pickup in industrial demand could reinvigorate interest in the industrial REITs. Performance Grade For The Quarter: A-
A-REIT