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Singapore business sentiment positive for Q2 on improved outlook, recovery for SMEs

Sales, profits, employment among key indicators businesses expect to see better performances in

Published Tue, Mar 16, 2021 · 05:50 AM

BUSINESS sentiment in Singapore has turned expansionary for the second quarter of 2021, following four quarters of negative sentiment, with improved expectations for profits and hiring as well.

On Monday, the Singapore Commercial Credit Bureau's (SCCB) latest quarterly survey of 200 business owners and senior executives showed the indicator for overall business sentiment at +3.94 percentage points for Q2, versus -1.03 percentage points in the previous quarter, and -7.88 percentage points in Q2 2020.

Quarter on quarter, all of the six indicators SCCB studies - volume of sales, net profits, selling price, new orders, inventory levels and employment levels - also improved.

In particular, businesses' expectations for net profits, employment and selling price improved the most. The indicator for net profits is up at +9.92 percentage points for Q2, from +3.85 percenta…

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