Business Confidence in Singapore decreased to 16 points in the third quarter of 2021 from 20 points in the second quarter of 2021. source: Statistics Singapore

Business Confidence in Singapore averaged 13.14 points from 1970 until 2021, reaching an all time high of 54 points in the first quarter of 1976 and a record low of -57 points in the fourth quarter of 2008. This page provides - Singapore Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Business Confidence in Singapore is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Business Confidence is projected to trend around 4.00 points in 2022, according to our econometric models.

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Singapore Business Confidence

Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 05:00 AM Q2 20.00 32.00 35
2021-10-29 05:00 AM Q3 16.00 20.00 12
2022-01-28 05:00 AM Q4

Related Last Previous Unit Reference
Business Confidence 16.00 20.00 points Sep/21
Changes in Inventories 981.60 834.50 SGD Million Sep/21
Bankruptcies 110.00 94.00 Companies Oct/21
Leading Economic Index 111.70 111.90 points Sep/21
Services Sentiment 19.00 11.00 Sep/21
Singapore Business Confidence
In Singapore, the Survey of Business Expectations of the Manufacturing Sector covers around 410 manufacturing firms. These companies are asked to assess their expectation of general business conditions, output and employment for the next six months. Provided responses are then weighted by their contribution to employment and value added. The indicator is computed as the difference between the weighted percentage of positive assessments and the weighted percentage of negative responses. The index varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence.