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BT-SUSS SURVEY

Singapore firms’ optimism about business prospects reach two-year high in Q2: BT-SUSS poll

The survey’s other indicators also show an improvement in business conditions

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Sharon See

Sharon See

Published Mon, Aug 12, 2024 · 05:00 AM
    • Economists say the results are consistent with improved sentiments among manufacturing and services companies in recent government surveys.
    • Economists say the results are consistent with improved sentiments among manufacturing and services companies in recent government surveys. PHOTO: BT FILE

    SINGAPORE companies’ optimism about the next six months reached a two-year high in the second quarter of 2024, amid an improvement in the business environment, a quarterly survey has showed.

    The net balance for business prospects rose to 8 per cent in Q2, a 5-point gain over the previous quarter, according to the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey.

    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, with a positive net balance suggesting expansion.

    Business sentimentSingapore economy

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