At the same time, wholesalers as well as banks and finance companies also expect the ongoing trade conflict between US and China to have a negative impact on their businesses.
SINGAPORE (July 31): Companies in the services sector are slightly less optimistic about business conditions in the second half of 2019, according to data released on Wednesday by the Singapore Department of Statistics.
The dampened spirits are led by firms in the retail trade industry, which foresee a less favourable business situation in the next six months.
