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Nikkei Markets

Singapore firms turn bearish on outlook as slowdown builds

Sentiment weakest in electronics industry, EDB survey shows

According to EDB, a weighted 46% of manufacturers in the electronics sector had a negative outlook for the next six months compared with 1% that expected an improvement.    © Reuters

SINGAPORE (Nikkei Markets) -- Singapore businesses have turned bearish about prospects, two government surveys showed, with sentiment weakest in the electronics industry amid a turn in the business cycle and concerns about the continuing trade war between the U.S. and China.

The change in outlook comes as Singapore's trade-driven economy shows more evidence of a slowdown. Non-oil exports have fallen for the past two months while bank lending edged lower in December from November.

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