Singapore SMEs wary about prospects over next 6 months

Singapore

SMALL and medium enterprises (SMEs) in Singapore are less optimistic about their business prospects over the next six months and continue to be cautious, despite recent cheer in the economy.

While the overall SBF-DP SME Index, which measures the business sentiment of SMEs over the next six months, remained in positive territory at 50.6, it is 0.3 point down from the previous quarter's poll.

A reading above 50 indicates that SMEs expect growth in the coming two quarters, while below 50 signals pessimism. The index is a joint initiative of the Singapore Business Federati…