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Singapore manufacturing activity moderates in June

Published on Jul 2, 2014 9:30 PM
 
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, July 2, 2014. -- PHOTO: ST FILE

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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