You are here

Singapore SME sentiment at its lowest since 2013

Business sentiment index covering 6 sectors dips for third straight quarter, though the above-50 score denotes that the outlook is still positive

BT_20150624_MTSBF24_1736956.jpg
Lincoln Teo, chief operating officer of DP Information Group: "We believe that despite demand, hiring pressures have forced some SMEs to cut back their capacity, resulting in a moderation of expectations for the next two quarters."

Singapore

SMALL and medium-sized enterprises (SMEs) in Singapore continue to feel the squeeze, bogged down by uncertainties in the global economy, a tough operating environment at home and hiring pressures.

An index of business sentiment set up by the Singapore Business Federation

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom