Singapore's manufacturing economy expands in June

08:43, July 06, 2010      

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Singapore's manufacturing economy expanded for the 14th consecutive month in June, local media reported on Monday.

The Purchasing Managers' Index showed a reading of 51.3, down by 0.9 point over the previous month, local TV broadcaster Channel NewsAsia reported.

A reading above 50 indicates that the manufacturing economy is expanding.

The broadcaster said the slow-down of the expansion was attributed to lower orders and lower production output and imports.

Meanwhile, the corresponding index for the electronics sector also showed an expansion -- with a reading of 50.5 points. This is the 8th straight month-on-month of expansion, but when compared to the previous month, it is down by 3.2 points. This was due to slower growth in new orders from the domestic and overseas markets.

Source:Xinhua

(Editor:黄蓓蓓)

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