On a y-o-y basis, however, the BOI for 4Q20 took a nosedive, compared to the +4.82 percentage points in 4Q19.
The overall business sentiment among Singaporean firms remains pessimistic in 4Q20, according to the Singapore Commercial Credit Bureau (SCCB)’s latest report released on September 8.
According to the SCCB’s Business Optimism Index (BOI) study, the Singapore BOI remained negative, although it registered a slight q-o-q improvement of -4.97 percentage points in 4Q20, compared to the -5.16 percentage points in 3Q20.
