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.