The figures represent the difference between the percentage of respondents expecting increases and declines across six indicators: sales volume, net profits, new orders, employment levels, inventory levels and selling price.
Singapore’s business confidence has moderated for the third straight quarter in the 4Q2022.
According to the Singapore Commercial Credit Bureau (SCCB), the business optimism index (BOI) fell to 4.98 percentage points in the 4Q2022, down from the 4Q2021’s 5.78 percentage points and down from the 5.10 percentage points in the 3Q2022.
