Manufacturing firms upbeat on H1 outlook

Singapore

FIRMS in the manufacturing sector expect business conditions in Singapore to improve over the next six months, but those in the services sector are less upbeat, according to results of the latest government surveys on business expectations released yesterday.

A net weighted balance of 4 per cent of manufacturers foresee a more favourable business situation from January to June 2014. This compares with a net weighted balance of one per cent foreseeing a deterioration for the period October 2013 to March 2014.