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2021-07-30

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Singapore services, manufacturing firms stay optimistic on outlook, surveys show

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Stay safe and bounce back stronger [Bless]","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/806957980","repostId":2155366931,"repostType":4,"repost":{"id":"2155366931","kind":"news","pubTimestamp":1627624543,"share":"https://www.laohu8.com/m/news/2155366931?lang=&edition=full","pubTime":"2021-07-30 13:55","market":"sg","language":"en","title":"Singapore services, manufacturing firms stay optimistic on outlook, surveys show","url":"https://stock-news.laohu8.com/highlight/detail?id=2155366931","media":"The Straits Times","summary":"SINGAPORE - The business expectations of Singapore firms in the manufacturing and services sectors r","content":"<div>\n<p>SINGAPORE - The business expectations of Singapore firms in the manufacturing and services sectors remained positive, although manufacturing firms were less upbeat than they were three months ago.\n...</p>\n\n<a href=\"http://www.straitstimes.com/business/economy/singapore-services-manufacturing-firms-stay-optimistic-on-outlook-surveys-show\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore services, manufacturing firms stay optimistic on outlook, surveys show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/economy/singapore-services-manufacturing-firms-stay-optimistic-on-outlook-surveys-show><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - The business expectations of Singapore firms in the manufacturing and services sectors remained positive, although manufacturing firms were less upbeat than they were three months ago.\n...</p>\n\n<a href=\"http://www.straitstimes.com/business/economy/singapore-services-manufacturing-firms-stay-optimistic-on-outlook-surveys-show\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"http://www.straitstimes.com/business/economy/singapore-services-manufacturing-firms-stay-optimistic-on-outlook-surveys-show","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155366931","content_text":"SINGAPORE - The business expectations of Singapore firms in the manufacturing and services sectors remained positive, although manufacturing firms were less upbeat than they were three months ago.\nTheir sentiments were captured in the latest quarterly surveys released separately by the Economic Development Board (EDB) and the Department of Statistics (SingStat) on Friday (July 30).\nA weighted 26 per cent of manufacturers see business conditions improving over the next six months, while a weighted 6 per cent foresee a weaker business outlook, the EDB survey showed.\nThus, a net weighted balance of 20 per cent of manufacturing firms anticipate a favourable business situation from July to December. This compares with 38 per cent of firms in the previous quarter's poll.\nA weighted percentage refers to an aggregate of the responses of manufacturers based on their proportion of the manufacturing sector. The net weighted balance is the difference between the weighted percentages of positive and negative responses.\nThe electronics cluster was the most optimistic, with a net weighted balance of 40 per cent of firms having a positive business outlook.\nSentiment was largely driven by expectations of continued robust demand for semiconductors and other electronic modules and component segments from the 5G market, cloud services and data centres, said EDB.\nA net weighted balance of 21 per cent of firms in the transport engineering cluster anticipate a positive business environment from July to December.\nFirms in the aerospace segment expect business conditions to improve, in anticipation of the gradual resumption of regional and domestic flights as more countries step up their vaccination programmes.\nThe land segment also foresees stronger demand for automotive parts as the global automotive industry continues to recover.\nHowever, a net weighted balance of 24 per cent of firms in the chemicals cluster expect a less favourable business situation until December. Within the cluster, firms in the petrochemicals segment are concerned that product prices and margins will be adversely impacted amid new capacities in the region.\nOver in the services sector, a net weighted balance of 11 per cent of firms expect a more favourable business outlook, similar to the previous quarter's survey by SingStat.\nWithin the services sector, the wholesale trade, finance and insurance, transportation and storage, as well as information and communications, are among those that expect business conditions to improve in the next six months.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":394,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":69,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/806957980"}