“The June easing of Singapore’s 'circuit-breaker' measures in two phases has enabled more factory operations but weak global demand has held back growth in the manufacturing sectors,” said Sophia Poh, vice-president of industry engagement and development at the SIPMM.
The SIPMM PMI survey is an early gauge of factory activity for the month. Readings above 50 points indicate expansion, while those below 50 point to contraction. Still, Barnabas Gan, economist at United Overseas Bank, said factories’ continued negativity “suggests further headwinds against Singapore’s manufacturing and trade environment”.
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