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Mixed trends in manufacturing and service sectors in July

The manufacturing sector displays subdued performance across all sub-indices, particularly affecting the textile and apparel segment due to a lack of new orders. Conversely, the service sector showcases promising trends with increased new businesses, heightened business activities, and improved employment prospects. After a 15-month period, employment has risen due to ongoing recruitments. Notably, a surge in tourist arrivals contributes to growth in accommodation-related services, and the financial services sub-sector improves with decreasing market interest rates. Looking ahead, the manufacturing activities are expected to marginally improve over the next three months, while the service sector holds a positive outlook for business activities.