Services to replace electronics in growth limelight
EDB, Singstat surveys show leap in services' business optimism while electronics found to be most pessimistic
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STAR performer electronics may have dazzled over the past year, but it could be the services sector's time to shine in the next six months, according to two quarterly surveys on business sentiment.
The electronics cluster - a key driver of growth in Singapore in 2017 - showed the greatest pessimism compared to the quarter before, even as both services and manufacturing registered overall gains in business sentiment, based on figures from the Economic Development Board and the Department of Statistics (Singstat).
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