Wednesday, August 1, 2012

RPT-Singapore PMI contracts in July as orders fall

(Repeats from Wednesday with no changes to the text)
SINGAPORE, Aug 1 (Reuters) - Manufacturing activity in
Singapore contracted in July after two months of gains as new
orders fell, the latest Purchasing Manager's Index (PMI) showed
on Wednesday.
The PMI stood at 49.8 points in July, falling below the
50-point threshold that signals manufacturing is declining, the
Singapore Institute of Purchasing & Materials Management (SIPMM)
said. The index had stood at 50.4 points in June and May.

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