The Straits Times
Published on Jan 31, 2013

Singapore manufacturers expect grim six months ahead


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.