Singapore business sentiment remains downbeat for Q3: survey

Published Tue, Jun 9, 2020 · 09:50 PM

Singapore

BUSINESS sentiment among local firms remains downbeat for the third quarter of this year, but has improved from the previous quarter's record low amid the economy's gradual reopening.

Particularly, the manufacturing and financial services sectors anticipate a slightly better outlook ahead, according to the Singapore Commercial Credit Bureau's (SCCB) latest quarterly survey released on Tuesday.

"With the easing of the 'circuit-breaker' measures and gradual reopening of the economy, we are seeing some silver linings and a slightly improved outlook among firms here. While it is still too early to ascertain if a V-shaped recovery can be expected, there are some signs of green shoots in certain sect…