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Singaporean companies optimistic about business prospects in Q4

0 Comment(s)Print E-mail Xinhua, September 9, 2024
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SINGAPORE, Sept. 9 (Xinhua) -- Business sentiment among Singapore's firms rose for the fourth quarter in a five-quarter row, reaching a two-year high, according to a survey issued by the Singapore Commercial Credit Bureau on Monday.

The Business Optimism Index rose to 5.06 percent for the fourth quarter from 4.94 percent a quarter earlier.

The financial, construction and transportation sectors are most optimistic about business outlook, while the manufacturing sector remains relatively muted for the fourth quarter, the survey showed.

Singaporean enterprises anticipate an increase in sales volume and net profits, projecting growth for the fourth quarter.

Selling price, new orders and employment will remain expansionary at a moderate rate, while inventory levels will stay contractionary, according to the survey.

The survey polled 200 business owners and senior executives representing major industry sectors across Singapore on their expectations in the coming quarter. Enditem

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