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BT-SUSS SURVEY
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Singapore firms gloomier about H1 after poorer Q4 performance: BT-SUSS poll

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Tessa Oh

Tessa Oh

Published Mon, Feb 20, 2023 · 05:50 AM
    • The transport and communications sector was the most optimistic on business prospects for the next six months.
    • The transport and communications sector was the most optimistic on business prospects for the next six months. PHOTO: BT FILE

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    BUSINESS sentiment for the next six months has become gloomier as firms’ performance worsened further from a quarter ago, the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

    Business performance dimmed in the fourth quarter. All three of the performance indicators monitored deteriorated from a quarter ago, with the net balance for profits taking the biggest hit, falling 11 percentage points to -18 per cent.

    The net balance is the difference between the share of firms with an increase and those with a decrease in an indicator, compared to the year-ago period. A positive net balance suggests expansion, and a negative one, contraction.

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