Singapore manufacturers, services firms less upbeat about next 6 months

In manufacturing, transport engineering is most upbeat; in services, info & comms among the most optimistic

Fiona Lam

Published Tue, Apr 30, 2019 · 09:50 PM

Singapore

MANUFACTURING and services firms in Singapore have become less optimistic about business prospects in the next six months, although both sectors expressed overall slight positive sentiment, two surveys released on Tuesday have found.

The surveys, covering firms' expectations for April till September, were released by the Economic Development Board (EDB) for the manufacturing sector, and the Department of Statistics (Singstat) for services.

Most manufacturing firms expect business conditions to stay similar to those of the first quarter of this year. A weighted 6 per cent expect prospects to improve in the next six months, and a…

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