Singapore business sentiment turns more bullish for Q4: Survey

singapore business sentiment turns more bullish for q4 survey

Sumary of Singapore business sentiment turns more bullish for Q4: Survey:

  • Local companies’ business confidence improved further for the fourth quarter amid resilient demand and a positive outlook for the manufacturing and financial services sectors, according to a survey out yesterday.
  • The overall Business Optimism Index (BOI) rose to +5.78 percentage points for the October-to-December period, said the Singapore Commercial Credit Bureau (SCCB), a subsidiary of Credit Bureau Asia that compiles the index every quarter.
  • The BOI was up from +4.07 percentage points for the third quarter and +3.94 percentage points for the second quarter, when the index climbed into the expansionary zone after staying contractionary for four straight quarters.
  • SCCB’s index measures business sentiment in the economy by tracking six parameters: volume of sales, net profit, selling price, new orders, inventory levels and employee count.
  • SCCB said four of the indicators improved from the previous quarter, compared with three indicators in the last quarterly survey.
  • Volume of sales moderated slightly to +7.52 percentage points for the fourth quarter from +7.63 percentage points for the previous three months, while selling price fell to zero percentage point from +2.29 percentage points.

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