Singapore manufacturing activity moderates in June
Published on Jul 2, 2014 9:30 PM
SINGAPORE - Optimism over the strong manufacturing performance earlier in the year seems to have cooled with the sector turning in a set of less-than-stellar numbers on Wednesday.
The Singapore Purchasing Managers' Index (PMI), a monthly gauge of manufacturing activity, dipped for second consecutive month in June, coming in at 50.5.
Last month's number was a slight 0.3 dip over May's reading, but was still above 50 and so remained in expansion mode.
A Bloomberg survey showed economists were expecting a reading of 51 for June.
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