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SME sentiment inches up from all-time low
But DP Info says SMEs still face global economic headwinds in the form of Brexit and possible Fed rate hikes
Add BT as a preferred sourcePublished Thu, Jun 16, 2016 · 09:50 PM
DESPITE global economic pressures, sentiment among local small and medium-sized enterprises (SMEs) has ticked up for the first time in seven quarters, according to the latest SBF-DP SME Index.
The overall index score rose 1.9 points to 51.9, indicating "marginal optimism" about growth prospects in the second half of the year. SMEs also expect higher turnover and profits in the next six months.
The score comes after an all-time low of 50.0 registered in the previous quarter. On a year-on-year basis, the SME Index for Q3 and Q4 2016 is the lowest since the index was started in 2009.
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