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Firms less confident as they move into new year

The wholesale trade and financial services sectors are the most pessimistic about Q1 2017

Published Mon, Dec 12, 2016 · 09:50 PM

Singapore

BUSINESS confidence in the Republic has worsened as Singapore Inc heads into the new year, with trade and financial sector players the most pessimistic among all businesses, an index showed on Monday.

According to the Singapore Commercial Credit Bureau's (SCCB) latest quarterly business optimism index (BOI), the BOI slipped from 2.87 percentage points in the fourth quarter of 2016 to a negative 1.22 percentage points in the first quarter of 2017.

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