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Slow payments worsen for manufacturing sector in Q2

Local manufacturers starting to see cash flow and profits hurt by manufacturing pullback

The construction sector was a bright spot, with slow payments dipping 0.82 percentage point to 46.9 per cent quarter on quarter. Year on year, they improved 0.43 percentage point.


THE manufacturing sector had the worst slow payments deterioration in the second quarter, suggesting that the manufacturing recession is starting to hurt local firms' cash flow and profitability, economists said.

The new findings come from a Singapore Commercial Credit...