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MAS Macroeconomic Review

Challenges push manufacturers to higher-value activities

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In recent years, the domestic IT industry has had to deal with domestic supply constraints and weak demand abroad.

Singapore

SINGAPORE'S manufacturers are grappling with an uneven recovery in external demand and falling global prices for certain goods on one hand, and domestic labour constraints on the other.

But the good news is that for two decades now, they have been moving away from