Singapore Business Confidence

Business Confidence in Singapore decreased to -8 points in the second quarter of 2022 from 8 points in the first quarter of 2022. Business Confidence in Singapore averaged 12.97 points from 1970 until 2022, reaching an all time high of 54 points in the first quarter of 1976 and a record low of -57 points in the fourth quarter of 2008. In Singapore, the Survey of Business Expectations of the Manufacturing Sector covers around 410 manufacturing firms. These companies are asked to assess their expectation of general business conditions, output and employment for the next six months. Provided responses are then weighted by their contribution to employment and value added. The indicator is computed as the difference between the weighted percentage of positive assessments and the weighted percentage of negative responses. The index varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence. This page provides – Singapore Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news.

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