Singapore business confidence weakens for third straight quarter

BUSINESS confidence among Singapore companies remained downbeat for the second quarter of 2019, and waned for the third consecutive quarter, according to the latest quarterly Singapore Commercial Credit Bureau's Business Optimism Index released on Tuesday.

The figures, derived from a survey of 200 business owners and senior executives, represent the net percentage of respondents expecting improvements in the coming quarter compared to the same period last year. Separately, both manufacturing and wholesale sectors saw downward moderations in the outlook. SCCB noted that the manufacturing sector saw further moderation in Q2 owing to an expected slowdown within the electronics and precision engineering sub-segments.

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