Singapore’s factory activity expands for 24th straight month in June, but at slower pace

Singapore’s manufacturing activity expanded for the 24th consecutive month in June, but at a slightly slower pace. However, the key electronics sector saw a faster rate of expansion in its 23rd consecutive month of growth. The Purchasing Managers’ Index edged down marginally by 0.1 point to 50.3 in June, on the back of a slower expansion in the employment index.

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