28 AUG 2017: Economy and SME Financing News
All manufacturing clusters recorded output growth in July 2017, according to the latest report from the Economic Development Board (EDB), released on 25 Aug. It was a good showing as total manufacturing output jumped 21% on a yoy basis, exceeding market expectations. The main drivers to the growth were the electronic and precision engineering sectors. If the relatively volatile biomedical cluster was omitted (which registered a smaller yoy rise of 5.0%), the output growth would be 24.9% on a yoy basis.
On a month-on-month basis (seasonally adjusted), manufacturing output grew 1.0% in July 2017, if biomedical manufacturing was excluded, output growth would be 4.9%.
The relevant report can be found at the website of the Economic Development Board (EDB), Singapore
The EDB report showed better than expected year-on-year growth for the manufacturing sector in July 2017. Is your SME enjoying the momentum of the uptrend in factory output? Do you anticipate more orders in the future and currently gearing up in terms of production and/or raw materials? We certainly hope so. Perhaps you are considering financing options like working capital loans or invoice financing/factoring. We will be very happy to have a discussion with you on the options for simple and affordable financing for your SME.
At IFS Capital Limited, we understand that all businesses are different in their needs and characteristics. That is why we are happy to explore financing options that meet the unique needs of your SME.
Why not drop us a note by clicking this form here and we can discuss this in further detail with you.
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