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Business sentiment for 3Q2022 experiences slight moderation amid global economic slowdown and geopolitical uncertainties

Chloe Lim
Chloe Lim • 3 min read
Business sentiment for 3Q2022 experiences slight moderation amid global economic slowdown and geopolitical uncertainties
The financial and manufacturing sectors are the most optimistic while the outlook for the construction and transportation sectors has improved in 3Q2022. Photo: Bloomberg
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Local business sentiment has moderated for the second consecutive quarter in Q2022, according to a survey released by Singapore Commercial Credit Bureau (SCCB) on June 14.

SCCB is a subsidiary of Credit Bureau Asia (CBA), a credit and risk information solutions provider in Southeast Asia.

The survey, which captures the Business Optimism Index (BOI), notes that it slid further, down from 5.35 percentage points in 2Q2022 to 5.10 percentage points in 3Q2022.

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