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Singapore’s manufacturing PMI declines to 50.3 in June

SINGAPORE, July 4 (Xinhua) — The Singapore purchasing managers’ index (PMI), an early indicator of manufacturing activity, edged down 0.1 points from the previous month to post a slightly slower rate of expansion at 50.3 this June, the Straits Times reported on Monday night.

The overall manufacturing sector has now recorded 24 months of consecutive expansion, said the Singapore Institute of Purchasing and Mater