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Singapore's services companies more upbeat, manufacturers less so

Published on Jul 31, 2014 1:00 PM

SINGAPORE - Companies in Singapore's services industries are generally more optimistic about their business prospects over the next six months, but manufacturing firms have become less cheery.

Over one in five services companies believes the business climate will improve in the July to December period compared with the previous six months, and only 8 per cent are projecting a deterioration in business.

In contrast, just 9 per cent of manufacturing firms are tipping better conditions in the July to December period over the April to June period, and 3 per cent are expecting gloomier times.

Among services firms, the most upbeat are those in the accommodation and financial services industries, according to data released by the Singapore Department of Statistics on Thursday.

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