SMEs still upbeat about rest of the year, but trade tensions weigh on sentiment
Business Services sector most optimistic; Retail/F&B most improved in business outlook
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SINGAPORE'S small and medium-sized enterprises (SMEs) remain upbeat about their prospects for the second half of this year, but caution has crept in as a result of the ongoing US-China trade tensions.
The Singapore Business Federation-DP (SBF-DP) Info SME Index dipped marginally from 51.8 to 51.5 in its latest poll, indicating a slight easing of optimism among these smaller businesses. A score of above 50 indicates an expectation of growth, and one below 50, an expected contraction.
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