services sector

Amid a weak manufacturing sector, Singapore’s GDP will have to be supported by the recovery of the consumer and services sectors

Within the sector, most industries expect business conditions to improve, except for F&B and real estate.

Economists expect Singapore to have a K-shaped recovery

Services and manufacturing firms in Singapore are looking at dim prospects in the second half of this year as the Covid-19 health-turned-economic crisis continues to thwart their operations.

SINGAPORE (Dec 17): Singapore’s bottoming economy is set to have tepid recovery boosted by a revival of the services sector in 2020, analysts at DBS say.

SINGAPORE (13 Dec): Singapore’s economy is likely to have dodged a recession this year, with private-sector economists expecting a full year growth of 0.7%, up from their initial 0.6% growth estimate in September. This follows the better-than-expected G

SINGAPORE (Aug 27): Singapore’s services sector revenue rose 2.8% in 2Q19 compared to 2Q18, according to the latest Business Receipts Index (BRI) released by the Department of Statistics on Tuesday.

SINGAPORE (July 31): Companies in the services sector are slightly less optimistic about business conditions in the second half of 2019, according to data released on Wednesday by the Singapore Department of Statistics.

SINGAPORE (July 13): RHB Research is maintaining its forecast for 2018 GDP at 3%, given moderating exports and the shift towards a more moderate semiconductor cycle this year.

SINGAPORE (Feb 8): UOB is forecasting an overall budget surplus of $6.7 billion for FY16 -- 0.9% higher than the Singapore government’s estimate of $3.4 billion -- on expectations of higher contributions from corporate and personal income taxes; motor v