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Dark clouds loom over industrial sector

Despite the subdued manufacturing outlook, the rental index for all industrial spaces rose marginally by 0.1 per cent from the first quarter to the second. This was supported mainly by rental gains in the single-user factory category, where the index rose 0.5 per cent over the preceding quarter.

This marked the first quarterly increase since the first quarter of 2015. However, due to the increased headwinds in the global economy and trade uncertainty, the temporary rebound is unlikely a sign that the industrial market is out of the woods.

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A version of this article appeared in the print edition of The Sunday Times on August 11, 2019, with the headline 'Dark clouds loom over industrial sector'. Print Edition | Subscribe