Singapore manufacturers more upbeat but services sector turns bearish: Surveys

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SINGAPORE - Manufacturers, led by those in the semiconductor industry, expect business conditions to improve in the first half of this year outnumbering those who hold a softer outlook, according to the latest quarterly survey by the Economic Development Board (EDB).. Read more at straitstimes.com.

SINGAPORE - Manufacturers, led by those in the semiconductor industry, expect business conditions to improve in the first half of this year outnumbering those who hold a softer outlook, according to the latest quarterly survey by the Economic Development Board .

A weighted 19 per cent of the manufacturers anticipate better conditions, while only seven per cent expect business to worsen. Within the manufacturing sector, all clusters except the general manufacturing industries foresee better business prospects in the first half. The aerospace segment also projects sustained demand for commercial aircraft engine repair in the January-June period.

A separate survey by the Department of Statistics on the services sector, also released on Friday, showed business expectations of services firms have moderated for the first half of 2020.

 

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