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Singapore business sentiment up slightly in Q1 2020; hiring to drop

Services and financial services sectors are most upbeat, while construction and wholesale trade are gloomiest

Published Tue, Dec 3, 2019 · 09:50 PM

Singapore

BUSINESS sentiment among local firms has risen slightly for the first quarter of 2020, according to the latest Business Optimism Index study by the Singapore Commercial Credit Bureau (SCCB).

The services sector was the most upbeat, but hiring overall is expected to take a hit.

Business sentiment rose to +5.31 percentage points in Q1 2020 from +4.82 percentage points in Q4 2019, with five of six indicators in the positive zone.

Three out of six indicators were lower in Q1 2020 versus the previous quarter. Similarly, on a…

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