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Singapore manufacturers expect grim six months ahead

Published on Jan 31, 2013 8:39 PM

MANUFACTURERS continue to see bad business in the next six months, a survey by the Economic Development Board showed.

The EDB Business Expectations survey of the manufacturing sector showed that only 8 per cent of manufacturers expect business to pick up.

But 18 per cent were expecting a sour outlook, weighed down by continued weakness in the global economy.

Electronics firms firms were the most pessimisstic, among the different sectors that EDB had surveyed.

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