SME sentiment sinks past neutral point to all-time low of 49.8
But pessimistic outlook is in line with recent economic indicators, say analysts
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Singapore
THE latest SBF-DP SME Index, which measures the business sentiment of small and medium-sized enterprises (SMEs), has dipped to an all-time low of 49.8.
This is the first time in its seven-year history that it has gone below 50.0, indicating a pessimistic outlook. It was just three quarters ago when the Overall Index hit its then-lowest at 50.0 for the Q2 2016 to Q3 2016 period.
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