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

The survey consultants expect Q2 GDP growth of between 3 and 3.3 per cent

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Elysia Tan
Tessa Oh

Elysia Tan &

Tessa Oh

Published Mon, May 20, 2024 · 05:00 AM
    • The construction sector takes the top spot for sales, orders or new businesses, and business prospects.
    • The construction sector takes the top spot for sales, orders or new businesses, and business prospects. PHOTO: BT FILE

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    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.

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    Business sentimentSingapore GDPSingapore economy

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