Thailand
Singapore factory activity worsens in June; 12th month of contraction
Singapore factory activity worsens in June; 12th month of contraction
MONDAY, 4 JULY 2016 – Activity at Singapore factories worsened slightly in June, shrinking for a 12th straight month on falling new orders and exports, a survey showed on Monday, as still-weak global demand continues to hurt the trade-dependent economy.
The Singapore Institute of Purchasing & Materials Management’s Purchasing Managers’ index (PMI) slipped to 49.6 for June from May’s 49.8. The electronics sector PMI slid to 49.0 last month from 49.1 in May.