📊Executive Summary

Manufacturing activity in Singapore showed a modest rebound in June, with the purchasing managers' index (PMI) rising to 50, indicating a return to expansion after two months of contraction. However, uncertainty looms as the reprieve on US tariffs is set to end soon, causing concerns about supply chain fragmentation among local manufacturers. The electronics sector PMI also increased slightly to 50.1, driven by new orders and exports. Despite this recovery, analysts warn that the front-loading of orders may have peaked, and future business sentiment remains cautious due to ongoing tariff uncertainties....