SINGAPORE (Oct 31): More firms in Singapore’s manufacturing sector are predicting a less favourable business outlook in the next six months compared to 3Q19, according to a survey by the Economic Development Board (EDB).
While the majority of firms in the manufacturing sector expect business conditions for the period from October 2019 to March 2020 to remain similar to a quarter ago, a net weighted balance of 5% of manufacturers predicted a less favourable business situation.
The net weighted balance – the difference between the weighted percentage of “up” responses and the weighted percentage of “down” responses – is commonly used to reflect the direction and extent of the business sentiments.
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)
