Singapore's Manufacturing Sector Maintains Cautious Optimism for 2024, Electronics Industry Shows Brightest Outlook
Deep News
Feb 02
Singapore's Economic Development Board has indicated that, despite facing headwinds in the global economy and trade, the nation's manufacturing sector maintains a cautiously optimistic stance for the year. A survey reveals that a majority of manufacturers anticipate business conditions from January to June will remain largely stable, with a minority of firms expecting the outlook to weaken.
The electronics industry exhibits the most optimistic outlook, primarily driven by the semiconductor segment, where AI-related demand serves as a key growth catalyst. A majority of companies also project that employment levels in the first quarter of 2026 will be essentially consistent with those of the fourth quarter of 2025.
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