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Singapore PMI June 2023

Singapore: Manufacturing PMI improves in June

The Singapore Institute of Purchasing and Materials Management (SIPMM) Purchasing Managers’ Index (PMI) rose to 49.7 in June from May’s 49.5. As such, the index moved closer to the 50.0 no-change threshold, signaling a softer deterioration in operating conditions compared to the previous month.

The headline print reflected an improvement in new orders, exports and output. That said, inventories, employment and supplier deliveries worsened. Meanwhile, the electronics PMI clocked in at 49.0 in June, down from May’s 49.1.

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