A net weighted balance of 14 per cent of manufacturers in Singapore anticipates a less favourable business situation for the period January – June 2019, compared to the fourth quarter of 2018. A majority of firms (a weighted 76 per cent) in the manufacturing sector expects business conditions in the next six months to remain similar to a quarter ago. A weighted 5 per cent of manufacturers expects business conditions to improve while a weighted 19 per cent foresees a weaker business outlook. Business Confidence in Singapore averaged 13.84 Index Points from 1970 until 2018, reaching an all time high of 54 Index Points in the first quarter of 1976 and a record low of -57 Index Points in the fourth quarter of 2008.

Business Confidence in Singapore is expected to be -6.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Singapore to stand at 6.00 in 12 months time. In the long-term, the Singapore Business Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.

Singapore Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-30 05:00 AM Business Confidence 13 1 3
2018-07-31 05:00 AM Business Confidence 7 13 4
2018-10-31 05:00 AM Business Confidence -1. 7 5
2019-01-31 05:00 AM Business Confidence -14 -1 2
2019-04-30 05:00 AM Business Confidence -14 -6
2019-07-31 05:00 AM Business Confidence 7
2019-10-31 05:00 AM Business Confidence 8


Singapore Business Last Previous Highest Lowest Unit
Business Confidence -14.00 -1.00 54.00 -57.00 Index Points [+]
Manufacturing PMI 50.80 50.40 53.10 48.30 [+]
Industrial Production 0.70 -0.40 58.60 -32.20 percent [+]
Industrial Production Mom -4.10 3.10 29.70 -21.80 percent [+]
Changes in Inventories 3416.80 4488.80 6742.20 -6542.70 SGD Million [+]
Bankruptcies 122.00 152.00 507.00 78.00 Companies [+]
Car Registrations 7284.00 11782.00 16204.00 2659.00 [+]
Leading Economic Index 112.00 112.00 112.70 25.50 Index Points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Competitiveness Index 83.48 82.97 83.48 5.44 Points [+]
Competitiveness Rank 2.00 2.00 8.00 2.00 [+]
Composite Pmi 51.80 49.80 56.80 49.40 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 85.00 84.00 94.00 84.00 Points [+]
Corruption Rank 3.00 6.00 9.00 1.00 [+]


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. This page provides - Singapore Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Business Confidence - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-14.00 -1.00 54.00 -57.00 1970 - 2018 Index Points Quarterly




Country Last Previous
Australia 0.00 Mar/19
Brazil 58.40 Apr/19
Canada 54.30 Mar/19
China 50.50 Mar/19
Euro Area 0.53 Mar/19
France 102.00 Mar/19
Germany 99.60 Mar/19
India 113.50 Jun/19
Indonesia 104.71 Dec/18
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 51.50 Mar/19
Netherlands 6.10 Mar/19
Russia -2.00 Mar/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 73.00 Mar/19
Spain -2.30 Mar/19
Switzerland 97.40 Mar/19
Turkey 102.10 Mar/19
United Kingdom -23.00 Mar/19
United States 55.30 Mar/19


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