Against All Odds, Manufacturing Sector Sentiment Is Bullish
SME Magazine Singapore|Issue 32, 2021
Despite the pressure COVID-19 is exerting on the region, a majority of the Singaporean manufacturing sector is anticipating a better second half of 2021.
Raja Azura Raja Nazreen
According to the Economic Development Board (EDB), a weighted 26 percent of manufacturers think that business conditions can get better, while 6 percent foresee a weaker business outlook. Overall, a net weighted balance of 20 percent of manufacturing firms anticipates a favourable business situation for the second half of 2021.

Across most of the sectors that have a significant presence in Singapore, positive sentiments abound. Within the manufacturing sector, the electronics cluster is the most optimistic with a net weighted balance of 40 percent of firms anticipating an improved business situation in the second half of 2021. This is largely attributed to the semiconductors and other electronic modules and component segments which expect demand from the 5G market, cloud services and data centres to remain robust.

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