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Nikkei Markets

Singapore business confidence dives as risks grow

Sentiment especially weak in consumer electronics, precision engineering

The drop in Singapore business confidence comes just days after the city-state reported an unexpected fall in factory output for September.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore businesses are becoming less confident about their prospects, two government surveys showed, a further sign that Southeast Asia's most advanced economy is slowing as external risks continue to build.

Manufacturers have turned bearish, according to the Singapore Economic Development Board's latest quarterly survey of expectations in the sector released Wednesday. That's a sharp swing from the findings of the previous survey wherein more firms were bullish.

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