Singapore's manufacturing sector experiences improved business sentiment, led by electronics demand recovery.

Singapore's manufacturing sector shows positive business sentiment, boosted by global electronics demand recovery, according to the Economic Development Board. A quarter of manufacturers expect improvements, with the electronics cluster, driven by semiconductors, being the most optimistic. However, the biomedical manufacturing cluster anticipates weaker business conditions due to global uncertainties and soft demand from key markets.

July 31, 2024
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