Business Confidence in Singapore increased to -7 points in the second quarter of 2020 from -56 points in the first quarter of 2020.

Business Confidence in Singapore averaged 12.99 points from 1970 until 2020, 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 September of 2020. source: Statistics Singapore

Business Confidence in Singapore is expected to be -22.00 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 -12.00 in 12 months time. In the long-term, the Singapore Business Confidence is projected to trend around -10.00 points in 2021 and -4.00 points in 2022, according to our econometric models.

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Singapore Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.00 -56.00 54.00 -57.00 1970 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 05:00 AM Q3 -5 -11.0 -3
2020-01-31 05:00 AM Q4 -12 -5 2
2020-04-30 05:00 AM Q1 -56.0 -12 -36
2020-07-30 05:00 AM Q2 -7 -56.0 -42
2020-10-30 05:00 AM Q3 -7 -22
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Singapore Business Last Previous Highest Lowest Unit
Business Confidence -7.00 -56.00 54.00 -57.00 points [+]
Manufacturing PMI 50.10 50.20 53.10 44.70 points [+]
Industrial Production -8.40 -6.50 58.60 -32.30 percent [+]
Industrial Production Mom 1.60 0.60 28.63 -22.20 percent [+]
Changes in Inventories 1646.60 1437.20 5885.80 -5379.50 SGD Million [+]
Bankruptcies 101.00 109.00 507.00 7.00 Companies [+]
Car Registrations 7487.00 6785.00 16204.00 653.00 [+]
Leading Economic Index 100.60 101.60 109.90 23.70 points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Services Sentiment -31.00 -58.00 37.00 -58.00 [+]
Competitiveness Index 84.78 83.48 84.78 5.44 Points [+]
Competitiveness Rank 1.00 2.00 8.00 1.00 [+]
Composite Pmi 43.60 43.20 56.80 27.10 points [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 85.00 85.00 94.00 84.00 Points [+]
Corruption Rank 4.00 3.00 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.