Mood upbeat in services, manufacturing sectors

Survey shows, within the manufacturing sector, all clusters expect better business prospects in the next six months ending September 2018

Published Mon, Apr 30, 2018 · 09:50 PM

Singapore manufacturing

Singapore

MORE firms in the services and manufacturing sectors are upbeat about business prospects for the next six months, with sentiment for both industries improving from the previous quarter, two surveys show.

The surveys on firms' business expectations for April to September 2018 were released separately on Monday. The Economic Development Board (EDB) shared its findings on the manufacturing sector, while the Department of Statistics (DOS) reported on services.

The manufacturing sector showed more optimism, with a net weighted balance of 13 per cent of firms forecasting more favourable business conditions for the six months to September this year, versus a net weighted balance of only one per cent i…