Manufacturing, service firms less upbeat about business prospects for rest of 2019

Manufacturing and services firms in Singapore have become less upbeat about business prospects for the second half of 2019. An Economic Development Board survey showed that a net weighted balance of 11% of manufacturers expect less favourable business conditions for the rest of 2019. That's a poorer sentiment compared to the same period in 2018, where a net weighted 7% had been confident about outlook. Meanwhile, a net weighted balance of 2% of service firms predicted a more favourable business outlook, weaker than the 9% recorded for the same period in 2018.

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