BOSSES of services and manufacturing firms in Singapore are mostly positive about business prospects for the second half of the year, according to two surveys released yesterday.

About a fifth of services firms expect improved performance in the July to December period this year, while only a tenth are expecting conditions to worsen compared with the first six months.
The remaining services firms, or about two-thirds of the industry, believe things will stay the same, according to a survey by the Department of Statistics.
Except for financial and insurance and real estate, all other services industries are generally upbeat about the second half of the year.
Hoteliers are the cheeriest due to the upcoming Formula 1 event next month and the year-end festive period, the survey found.
But property firms are not anticipating an improvement in business conditions.
Four in 10 expect slower business while the rest think things will stay the same, the department said.
"In particular, real estate developers expressed concern arising from the recent introduction of government measures," it added.
Apart from real estate and retail, all other services industries are predicting a rise in sales for the July to September period.
Over in manufacturing, 13 per cent of bosses expect business conditions to improve in the July to December period while just 5 per cent foresee deterioration, according to a survey conducted by the Economic Development Board (EDB).
"Despite the positive sentiment, the manufacturing sector continues to be concerned about the global macro-economic environment, in particular the United States, European Union and China", the agency added.
Firms in the general manufacturing cluster are the most optimistic, but most other major clusters are also upbeat, EDB said.
All except biomedical firms predict higher production in the July to September period.
In addition, almost all manufacturing firms - 97 per cent - expect employment to stay at the same levels or improve in the third quarter of this year.
Services account for about two-thirds of Singapore's overall economy while manufacturing makes up about a fifth.

BOSSES of services and manufacturing firms in Singapore are mostly positive about business prospects for the second half of the year, according to two surveys released yesterday.

About a fifth of services firms expect improved performance in the July to December period this year, while only a tenth are expecting conditions to worsen compared with the first six months.

The remaining services firms, or about two-thirds of the industry, believe things will stay the same, according to a survey by the Department of Statistics.

Except for financial and insurance and real estate, all other services industries are generally upbeat about the second half of the year.

Hoteliers are the cheeriest due to the upcoming Formula 1 event next month and the year-end festive period, the survey found.

But property firms are not anticipating an improvement in business conditions.

Four in 10 expect slower business while the rest think things will stay the same, the department said.

"In particular, real estate developers expressed concern arising from the recent introduction of government measures," it added.

Apart from real estate and retail, all other services industries are predicting a rise in sales for the July to September period.

Over in manufacturing, 13 per cent of bosses expect business conditions to improve in the July to December period while just 5 per cent foresee deterioration, according to a survey conducted by the Economic Development Board (EDB).

"Despite the positive sentiment, the manufacturing sector continues to be concerned about the global macro-economic environment, in particular the United States, European Union and China", the agency added.

Firms in the general manufacturing cluster are the most optimistic, but most other major clusters are also upbeat, EDB said.

All except biomedical firms predict higher production in the July to September period.

In addition, almost all manufacturing firms - 97 per cent - expect employment to stay at the same levels or improve in the third quarter of this year.

Services account for about two-thirds of Singapore's overall economy while manufacturing makes up about a fifth.