SINGAPORE : Companies in Singapore's key manufacturing sector are sharply more upbeat over the business outlook in the next six months compared with the previous quarter, a government survey released Monday said.
A net weighted 26 percent of manufacturers predict the outlook will improve in the April-September period, higher than the seven percent recorded in the last survey, the Economic Development Board (EDB) said.
Electronics firms were the most upbeat with a net weighted 38 percent expressing confidence that the business environment will be better on expectations of a pick-up in demand, it said.
Manufacturing accounts for a quarter of the Singapore economy, and electronics are the country's main exports.
In the biomedicals industry, a net weighted 10 percent of respondents were upbeat while the figure in the transport engineering sector, which includes Singapore's booming oil rig segment, was 26 percent, the EDB said.
In the chemicals sector, a net weighted 10 percent were confident the business outlook will improve, while a net weighted 24 percent were buoyant in the precision engineering segment.
The survey of 397 industrial firms, out of which 96 percent responded, was carried out in March.
In a separate survey by the Department of Statistics, a net weighted 22 percent of firms in the services sector project better business conditions in the six months to September, smaller than the 25 percent recorded in the last poll.
The property sector was the most upbeat in the services industry, with a net weighted balance of 61 percent confident business will get better.
"Within the industry, real estate developers and agents foresee brisk business activity ahead," the department said.
Singapore's property sector is undergoing a boom, fuelled by demand from wealthy foreigners and high-income professionals for luxury units.
A net weighted 26 percent of manufacturers predict the outlook will improve in the April-September period, higher than the seven percent recorded in the last survey, the Economic Development Board (EDB) said.
Electronics firms were the most upbeat with a net weighted 38 percent expressing confidence that the business environment will be better on expectations of a pick-up in demand, it said.
Manufacturing accounts for a quarter of the Singapore economy, and electronics are the country's main exports.
In the biomedicals industry, a net weighted 10 percent of respondents were upbeat while the figure in the transport engineering sector, which includes Singapore's booming oil rig segment, was 26 percent, the EDB said.
In the chemicals sector, a net weighted 10 percent were confident the business outlook will improve, while a net weighted 24 percent were buoyant in the precision engineering segment.
The survey of 397 industrial firms, out of which 96 percent responded, was carried out in March.
In a separate survey by the Department of Statistics, a net weighted 22 percent of firms in the services sector project better business conditions in the six months to September, smaller than the 25 percent recorded in the last poll.
The property sector was the most upbeat in the services industry, with a net weighted balance of 61 percent confident business will get better.
"Within the industry, real estate developers and agents foresee brisk business activity ahead," the department said.
Singapore's property sector is undergoing a boom, fuelled by demand from wealthy foreigners and high-income professionals for luxury units.
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