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Singapore manufacturing firms predict less favourable business outlook, lower output: EDB survey

Stanislaus Jude Chan
Stanislaus Jude Chan10/31/2019 04:55 PM GMT+08  • 3 min read
Singapore manufacturing firms predict less favourable business outlook, lower output: EDB survey
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).
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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.

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