Singapore business sentiment moderates slightly in Q2 on global uncertainty: SCCB

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Tan Nai Lun

Published Tue, Mar 15, 2022 · 09:50 PM

Singapore

BUSINESS confidence among local businesses has dipped slightly in the second quarter of 2022 amid global uncertainties including geopolitical tensions and continued supply chain disruptions, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Mar 15).

Its quarterly Business Optimism Index (BOI) had dipped slightly on quarter, down to +5.35 percentage points in Q2 from +5.91 percentage points in Q1, although BOI rose from +3.94 percentage points in Q2 2021, and remains above pre-pandemic levels in 2019.

Business sentiment Credit Bureau Asia Singapore economy SMEs

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