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Manufacturing, services firms downbeat on H1 outlook

Companies in the transport engineering cluster were the least optimistic

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OIL SHOCK: The marine and offshore engineering segment foresees declining orders as oil and drilling firms cut back on capital expenditure.

Singapore

THE recent slump in global oil prices has weakened expectations of many manufacturing firms as they anticipate a fall in revenue.

According to results of the latest government surveys released on Friday, a net weighted balance of 3 per cent of manufacturers expect

sentifi.com

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