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Singapore business confidence hits near 2-year low in Q4

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SINGAPORE - Local business confidence dropped to a near two-year low for the final quarter of 2019, according to Singapore Commercial Credit Bureau (SCCB)'s Business Optimism Index study, with manufacturing and wholesale trade braced for a downturn.. Read more at straitstimes.com.

SINGAPORE - Local business confidence dropped to a near two-year low for the final quarter of 2019, according to Singapore Commercial Credit Bureau 's latest Business Optimism Index study, with manufacturing and wholesale trade braced for a downturn.Year-on-year, it nearly halved from +9.19 percentage points in Q4 2018.

On a year-ago basis, only employment rose, jumping from +4.39 percentage points to +14.44 percentage points. Three indicators were positive for construction, while selling price dropped from +20 to 0 percentage points and inventory levels and new orders remained negative. Notably net profits rebounded from -20 percentage points to +50 percentage points while volume of sales rose from +20 to +50 percentage points. Employment levels remained upbeat at +20.0 percentage points.

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