Singapore companies’ performance and optimism wane in Q3: BT-SUSS survey

SINGAPORE’S businesses saw weaker performance and grew less optimistic in the third quarter of 2022, the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

Of the survey’s three indicators of performance, orders or new business weakened, while profits remained in decline. Sales was the only indicator showing a slight improvement.

Taking the largest hit was the net balance for orders or new business, which fell 7 percentage points to -1 per cent, ending five straight quarters of expansion.