One in 2 SMEs see falling sales for next 12 months: poll

Singapore

SINGAPORE businesses appear to be bracing themselves for a slow recovery post-Covid-19, with nearly one in two surveyed in April expecting sales for the next 12 months to fall year-on-year.

Business information provider Experian surveyed more than 200 small and medium-sized enterprises (SMEs) in Singapore in April, and found that 47 per cent of them expect a year-on-year decline in sales for the next 12 months.