Business sentiment still negative in Q4: SCCB

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No But the financial, manufacturing, and services sectors’ outlooks improved slightly. Business sentiment amongst local firms remains pessimistic in Q4 although improving when compared to the previous quarter, according to the Singapore Commercial Credit Bureau (SCCB). The bureau’s latest Business Optimism Index results revealed that the BOI remained in the contraction zone at -4.97 percentage points (ppt), a drop from the growth of 4.82 ppt recorded in Q4 2019. However, it did inch up slightly from the -5.16 ppt in Q3. read more