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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

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Ng Ren Jye

Published Tue, Dec 3, 2019 · 09:50 PM
    Singapore Business Optimism Index indicators

    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.

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