Services sector braces for weaker business environment in H2

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Most segments, especially accommodation and real estate, are projecting demand to fall. A majority of firms in the services sector are expecting business conditions to deteriorate in H2, an Economic Development Board (EDB) survey unveiled. About 40% of firms foresee slower business conditions, whilst 9% of firms are optimistic. This results in a net weighted balance of 31% of firms predicting a less favourable business outlook in H2. Though the business outlook remains negative, the figure is more relaxed compared to the -58% recorded in Q2. read more