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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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Prisca Ang

Prisca Ang

Published Fri, Jan 30, 2015 · 09:50 PM

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    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 business conditions to deteriorate from the fourth quarter of last year. The net balance is calculated by deducting the proportion of those with negative business expectations from those with positive expectations.

    Singapore economyEconomic growthManufacturingOil prices

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