SINGAPORE – Singapore's electronics industry rose in June, reversing a one-month fall into recession. The sector rose 2.3 points to 51.7, according to purchasing executives in more than 150 industrial companies.
May was the first time in nearly two years the electronics sector failed to grow.
The national purchasing managers' index rose 1.6 points sequentially to 50.6 in June, on new orders and higher levels of production output. A reading above 50.0 is a sign of an expanding market.
Electronics makes up one-third of Singapore's manufacturing output.
LOS ALTOS, CA – China’s electronic equipment production market is finally slowing down, and taking the rest of the world with it.
Citing the recent economic environment and spate of earthquakes, research firm Henderson Ventures said China’s short-term equipment production output will drop eight points to 13.5% this year, before rebounding slightly in 2009 and 2010. The appreciating currency, higher labor costs and tighter environmental policies will conspire to “subdue” expansion in the longer term, Henderson said, although growth rates will remain “attractive.”
Worldwide equipment production is forecast to be rise 6.4% this year, down from 9.1% last year. It will grow 7.5% in 2009, and 8.8% in 2010, the firm predicts.