Overall, a net weighted balance of 3% of manufacturers predict a less favourable business situation for the six-month period from October 2020 to March 2021, compared to the third quarter in 2020.
The manufacturing sector expects business conditions to remain weak amid economic uncertainty arising from the Covid-19 pandemic, global macro conditions and tensions between the US and China, says EDB Singapore on Oct 30.
A weighted 18% of manufacturers anticipate improvements on the operating environment while a weighted 21% foresee a weaker outlook.
