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Singapore business sentiment slips for 3rd straight quarter

Findings of the Business Optimism Index unsurprising, with weaker demand and China's slowdown: SCCB chief

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Published Tue, Mar 5, 2019 · 09:50 PM

    Singapore

    SINGAPORE businesses are less confident about prospects for the second quarter of 2019, making it the third straight quarter of waning sentiment, going by the latest quarterly Business Optimism Index released on Tuesday by the Singapore Commercial Credit Bureau (SCCB).

    The overall index came in at +5.08 percentage points for Q2 2019, down from the +7.19 percentage points in Q1 2019. On a year-on-year basis, the index moderated further, from the +8.50 percentage points in Q2 2018.

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