Chart of the Day: Here's how Singapore's manufacturers have become more pessimistic about their business outlook

Services firms are not bucking the trend.

OCBC reports that business expectations survey for 4Q14 showed manufacturers and services firms a tad more cautious, with a net 1% (previously 6%) and 7% (previously 13%) respectively.

This came after the manufacturing sector continued to register negative financials, dragging its losing streak longer.

It can be recalled that Singapore's manufacturing output contracted in September due to a lacklustre biomedical industry.

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