The Business Times
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Services rely on growth in manufacturing, but it doesn't cut both ways

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, Nov 23, 2017 · 09:50 PM

    Singapore

    THE manufacturing and services sectors have served as the twin engines fuelling Singapore's economic growth, but the development of the services sector has typically been more reliant on the growth of the manufacturing sector than the other way around.

    The manufacturing sector creates more jobs and fosters more economic spillovers to the services sector than the converse, said a report by lead economist Kuan Ming Leong from the Ministry of Trade and Industry's Economics Division.

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