Unit business cost rising for services; easing for manufacturing
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Janice Heng
Singapore
SINCE 2014, unit business costs have fallen for manufacturing but risen in services, due partly to different unit labour cost (ULC) trends.
The overall ULC is expected to continue rising in 2020, while other cost components stay stable, according to a report in the Ministry of Trade and Industry's (MTI) Economic Survey of Singapore on Monday.
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