,Singapore

3 out 10 Singapore-based manufacturers optimistic on business conditions

The electronics cluster showed the most optimism.

The Economic Development Board (EDB) announced that 3 out of 10 Singapore manufacturers were optimistic with business conditions.

Meanwhile, 6% anticipate a weaker business outlook. Overall, a net weighted balance of 20% anticipate a favourable business situation for the period of July to December 2021.

The electronics cluster showed the most optimism, with 40% of firms looking forward to a better business situation. Demand for semi-conductors and electronic modules are the reason for this.

The transport engineering cluster followed next with 21% sharing the same sentiment.  The aerospace segment, in particular, attributes this to the gradual resumption of regional and domestic flights, with the land segment also following suit due to the stronger demand for automotive parts.

In the precision engineering cluster, 15% of firms were optimistic about the business conditions in the next six months. Semiconductor-related equipment showed the most positive outlook due to the strong capital investments in the global industry.

The biomedical manufacturing cluster followed suit with 11%. This is due to the medical technology segment that continues to have higher export demand for both Covid and non-covid medical devices. 

Meanwhile, 24% of firms from the chemical clusters showed a negative mindset for the rest of the year. The concern revolves around the product prices margins that will be impacted with new capacities in the region.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Module integration and completion are not part of its responsibilities.
The company says it will continue to welcome feedback from workers.
OneMap3D data from ERA will be incorporated into its RealtyWatch mobile apps
$500,000 was contributed to the library's Green Grove showcase.
He has over 25 years of experience in business and risk roles.
The country also won 'Best Seaport in Asia' for the 33rd time.
Flight bookings were made available on 22 October.
Sembcorp Industrialshowed the most growth.
Analysts said there are three factors that drove the price growth.
Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.
72% of Singaporeans were aware of the term 'ESG.'
This strong performance was due to the recent acquisitions by the company.