S'pore business confidence recovers in Q4, but still dour compared to world: survey

Singapore

BUSINESS confidence in Singapore bounced back from a four-year low in the fourth quarter of 2015, but remains largely pessimistic and worse than global levels, according to the Global Economic Conditions Survey by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants.

The survey's confidence index for Singapore recovered to between -55 and -60 in the fourth quarter from between -70 and -75 in the third quarter, where a negative score represents pessimism. The confidence index globally was between -20 and -30 in the fourth quarter.