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Manufacturing sector expects weaker business outlook amid economic uncertainty: EDB

Felicia Tan
Felicia Tan10/30/2020 06:41 PM GMT+08  • 3 min read
Manufacturing sector expects weaker business outlook amid economic uncertainty: EDB
A weighted 18% of manufacturers anticipate improvements on the operating environment while a weighted 21% foresee a weaker outlook
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The manufacturing sector expects business conditions to remain weak amid economic uncertainty arising from the Covid-19 pandemic, global macro conditions and tensions between the US and China, says EDB Singapore on Oct 30.

A weighted 18% of manufacturers anticipate improvements on the operating environment while a weighted 21% foresee a weaker outlook.

Overall, a net weighted balance of 3% of manufacturers predict a less favourable business situation for the six-month period from October 2020 to March 2021, compared to the third quarter in 2020.

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