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.