Optimism for next six months cools for Singapore's manufacturing sector

Positive sentiment for the services sector has plateaued for the period, according to official quarterly surveys

Vivienne Tay

Published Sat, Jul 31, 2021 · 05:50 AM

Singapore economy

Singapore

OPTIMISM in Singapore's manufacturing sector for the next six months has cooled, while positive sentiment for the services sector has plateaued, according to quarterly surveys released on Friday.

The data does not come as a surprise given the Republic's return to Phase 2 (Heightened Alert) in late July amid an uptick in the Delta variant of the coronavirus both locally and in our major trading partners, said OCBC Bank head of treasury research and strategy, Selena Ling.

In …