Singapore's services sector less sanguine about next half year: DoS survey

FIRMS in Singapore's services sector are less upbeat about their short-term business prospects than they were a quarter ago.

Of the 1,500 services firms polled on their quarterly business expectations by the Department of Statistics (DoS) between September and mid-October this year, a weighted 18 per cent of firms said they expected business conditions to improve over the next six months, while a weighted 11 per cent of firms said they were bracing themselves for slower business.

This leaves a positive net weighted balance of 7 per cent, DoS said on Friday - a lower positive magnitude than the 13 per cent reported in the previous edition of the survey.