Home News Singapore economy

2H21 business sentiments for manufacturing sector 'remain positive' amid Covid-19 environment: EDB

Atiqah Mokhtar
Atiqah Mokhtar7/30/2021 01:24 PM GMT+08  • 3 min read
2H21 business sentiments for manufacturing sector 'remain positive' amid Covid-19 environment: EDB
71% of manufacturers expect the 3Q21 manufacturing output level to remain similar to 2Q.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

According to the Singapore Economic Development Board (EDB) business sentiments in the manufacturing sector remain positive amid the Covid-19 environment and pressure on supply chains.

The findings come from EDB’s Survey of Business Expectations of the Manufacturing Sector for the 3Q2021, which was conducted between June and July. 415 manufacturing establishments were surveyed with a response rate of 92%.

According to the survey, a weighted 26% of manufacturers anticipate better business conditions while a weighted 6% foresee a weaker business outlook. Overall, a net weighted balance of 20% of manufacturing firms anticipate a favourable business situation for the period between July to December, compared to the 2Q2021.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now