June PMI falls to 3-year low; electronics contraction continues

Singapore

SINGAPORE'S manufacturing sentiment worsened further in June, with the Purchasing Manager's Index (PMI) contracting for the second straight month, and the beleaguered electronics sector shrinking for the eighth month in a row, according to Wednesday's release by the Singapore Institute of Purchasing and Materials Management (SIPMM).

But SIPMM vice-president for industry engagement and development Sophia Poh said anecdotal evidence suggests that "several manufacturers are working on future growth plans in the midst of the global trade uncertainties".