Better business outlook for manufacturers

SINGAPORE: Singapore manufacturers have turned slightly positive about business conditions in the next few months after three straight quarters of gloom, while companies in the service sector are marginally more upbeat, according to separate survey reports.

A net weighted balance of 2% of manufacturers expect a more favourable business situation from April to September 2023, improving from the previous quarterly poll where 25% were pessimistic, a report from the Economic Development Board showed.