Services sector's outlook gloomy for H1, manufacturers marginally upbeat
A NET weighted balance of 14 per cent of firms in Singapore's services sector expects worse business conditions for January to June 2017, compared with July-December 2016, the Department of Statistics said in a report on Tuesday.
Within the services sector, all industries expect business activity to remain the same or deteriorate in the first half of 2017 from the second half of 2016, SingStat said.
Separately, the Economic Development Board released a report on Tuesday saying an overall net weighted balance of 2 per cent of manufacturers expects a better business situation for H1 2017 compared with the fourth quarter of last year.
Within the manufacturing sector the electronics cluster was the most optimistic, the agency said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Daily Debrief: What Happened Today (Apr 23)
Daily Debrief: What Happened Today (Apr 22)
Global wave of consultancy layoffs has not hit Singapore