, business sentiments in the manufacturing sector remained mostly positive despite ongoing geopolitical and economic challenges, according to EDB.
“A weighted 20% of manufacturers expect business conditions to improve whilst a weighted 10% foresee a weaker outlook,” the report stated.Within the manufacturing industry, the transport engineering cluster stood out as the most optimistic, with a net 30% of firms expecting favorable conditions from October 2024 to March 2025. This was led by robust demand in aerospace and marine and offshore engineering.
In the electronics cluster, a net weighted balance of 14% of firms foresee better business conditions in the coming months.
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