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Q2 business sentiment plunges to new low on Covid-19 fallout

Construction, services and manufacturing sectors worst-hit; businesses worried about significant impact on sales

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Ng Ren Jye

Published Tue, Mar 10, 2020 · 09:50 PM
    Plumbing new lows

    Singapore

    BUSINESS sentiment among Singapore firms plunged to an all-time low in the second quarter of 2020 on coronavirus health risks and potential economic impact, according to Singapore Commercial Credit Bureau's (SCCB) latest Business Optimism Index study released on Tuesday.

    Companies that The Business Times (BT) spoke to echoed worries revealed in the survey, such as significant impact on sales, and said they are exercising caution in hiring.

    Covid-19

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