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PMI below 50 on regional manufacturing weakness

The early barometer of industrial activity in July falls 0.7 point to 49.7 after 2 straight months of rises

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Singapore's manufacturers have turned more bearish, going by the latest Purchasing Managers' Index (PMI).

Singapore

SINGAPORE'S manufacturers have turned more bearish, going by the latest Purchasing Managers' Index (PMI). Slipping 0.7 point to 49.7, the early barometer of industrial activity reverted to contraction mode in July after rising for two straight months.

The retreat was in