Optimism index for indicators of business Singapore Q1 2020-Q1 2023

Published by
R. Hirschmann,
May 29, 2024
According to a survey of businesses in Singapore, three out of six indicators showed quarter-on-quarter decreases, with only net profits seeing an increase to 2.99 percentage points from zero percentage points in the previous quarter. Overall, business sentiments have been decreasing in the last two quarters due to rising inflation and a volatile global market.

Business sentiments regarding key indicators of business in Singapore from 1st quarter 2020 to 1st quarter 2023

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Release date

June 2023

Region

Singapore

Survey time period

Q1 2020 to Q3 2023

Number of respondents

200 respondents

Special properties

among business owners and senior executives representing major industry sectors

Supplementary notes

The index is calculated by subtracting the percentage of respondents expecting decreases from the percentage expecting increases.

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