Business optimism index Singapore Q1 2019-Q2 2023

Published by
R. Hirschmann,
May 29, 2024
According to a survey of businesses in Singapore, business sentiments for the 3rd quarter of 2023 decreased to 3.98 percentage points from 4.6 percentage points in the previous quarter. Despite the recovery from the COVID-19 pandemic in 2022, business confidence is falling due to high inflation and a global economic downturn.

Business sentiment in Singapore from 1st quarter 2019 to 3rd quarter 2023

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Release date

June 2023

Region

Singapore

Survey time period

Q1 2019 to Q3 2023

Number of respondents

200 respondents

Special properties

among business owners and senior executives representing major industry sectors

Supplementary notes

Figures are calculated by subtracting the percentage of respondents expecting decreases from the percentage expecting increases.

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