By Gaurav Raghuvanshi
SINGAPORE--Singapore's manufacturing sector expanded at the same rate in June as the previous month, indicating that production in the island nation may be holding steady despite few signs of revival in the global economy.
The country's purchasing managers index was 50.4 in June, the same level as in May, according to figures released Tuesday by the Singapore Institute of Purchasing & Materials Management.
A PMI reading above 50 signals expansion in manufacturing activity, while that below 50 indicates contraction.
The PMI for electronics, a major export item for trade-dependent Singapore, eased in June to 50.4 from 50.8 in the previous month, the data showed.
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