S’pore manufacturing, services firms upbeat about next two quarters

Firms in the semiconductor industry are especially bullish, with strong AI demand expected to boost orders for memory, storage and networking chips. — The Straits Times

SINGAPORE: More local manufacturers and services firms are optimistic about business conditions in the months ahead due to factors such as a boom in products related to artificial intelligence (AI) and the return of travel, separate surveys show.

A net weighted balance of 22% of manufacturing firms anticipate a favourable business situation for the April to September period, compared with the first quarter of 2024, according to a poll by the Economic Development Board (EDB).