Electronics PMI may have dropped to 50.4 in June

Standard Chartered also expects Singapore's PMI to have eased to 50.3 in July.

Here’s more from Standard Chartered

We expect Singapore’s purchasing managers index to have eased slightly to 50.3 in July from 50.4 in June. The electronics index also probably dropped to 50.4 from 50.9 in June. Overall market sentiment remains negative owing to the euro-area debt debacle. Export data has also remained weak, with total trade contracting by 3.7% m/m in June. The weak PMI readings are likely to underline the current weakness in Singapore’s manufacturing sector. Indeed, June’s industrial production showed continued weakness in electronics output, which contracted by 15.3% y/y.

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