Singapore Manufacturing Sector's Business Sentiments Remain Positive for April-September

MT Newswires04-30

Business sentiments in Singapore's manufacturing sector are expected to remain positive from April to September despite market volatility caused by conflict in the Middle East, according to a release by EDB Singapore on Thursday.

About 34% of manufacturers are expecting conditions to improve, while 17% expect a weaker outlook.

A net weighted balance of 17% of firms expect the outlook to be favorable in the six months to September compared with the first quarter of the year.

Meanwhile, 51% of precision engineering firms remain optimistic about the business outlook, backed by strong AI-related investment.

A net weighted balance of 42% of firms from the electronics cluster also remained positive, while 8% of the firms from the transport engineering sector shared the same sentiment.

However, about 2% of firms from the biomedical manufacturing sector expect weaker business conditions due to tariff uncertainty and geopolitical tensions.

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