Singapore will release the June PMI on 2 July.
According to Standard Chartered, "We expect readings to have remained weak; we forecast that the overall reading remained stable at 50.2, while the electronics-sector sub-index came in at 49.9."
China growth is steadily stabilising, and this is expected to have helped external demand. The new orders sub-index rose to 50.5 in May, while new orders in the electronics sub-index remained below 50. Therefore, Standard Chartered expects economic activity to remain lackluster, despite potential stability near-termed.
