Singapore firms turn optimistic as performance declines less sharply in Q1: BT-SUSS poll

SINGAPORE firms have turned optimistic about business prospects in the next six months, as performance declined less severely in the first quarter of 2024, according to the latest quarterly Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey.

Net balances for the survey’s performance indicators – sales, profits, and orders or new business – stayed in negative territory, indicating continued contraction.

However, the sales net balance was only marginally worse, while the other two saw double-digit improvements.