The Business Times
business-time-50
BT-SUSS SURVEY
·
SUBSCRIBERS

Singapore firms more pessimistic after poorer Q1 performance: survey

google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Mon, May 15, 2023 · 05:50 AM
    • Overall, firms have become more pessimistic about business prospects for the next six months, showed the latest quarterly BT-SUSS Business Climate Survey.
    • Overall, firms have become more pessimistic about business prospects for the next six months, showed the latest quarterly BT-SUSS Business Climate Survey. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE’S firms grew more pessimistic as business conditions weakened further in the first quarter of 2023, the latest quarterly Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

    In Q1, all three business performance indicators deteriorated from a quarter ago. The net balance for sales took the biggest hit, tumbling 20 percentage points to -25 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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Business sentimentSingapore economySpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Those aged below 30 account for the largest share of overqualification.

    More workers in Singapore opt for jobs for which they are overqualified: MOM, NTUC studies

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More