A weighted 22% of manufacturers anticipate better business conditions over the next six months ending March 2022, while a weighted 6% foresee a weaker business outlook. Overall, a net weighted balance of 16% of manufacturing firms anticipate a favourable business situation for the next six months, compared to the 3Q2021.
Business sentiments in the manufacturing and services sectors remain positive amid the Covid-19 situation, according to data released by the Singapore Economic Development Board (EDB) and the Department of Statistics (SingStat) on Oct 29.
For the manufacturing sector, the findings come from EDB’s Survey of Business Expectations of the Manufacturing Sector for the 4Q2021 which was conducted between September and October. 413 manufacturing establishments were surveyed with a response rate of 91%.
