Business optimism index Singapore Q1 2019-Q4 2020

Published by R. Hirschmann, Oct 23, 2020
According to a survey of businesses in Singapore, business sentiments for the fourth quarter of 2020 have decreased to almost five percentage points from the previous quarter. The sharp drop in the business optimism index was caused by the economic impact caused by the worldwide outbreak of the SARS-CoV-2 virus. The UN trade agency estimated that the COVID-19 virus would cost the global economy one trillion U.S. dollars.

Business sentiment in Singapore from 1st quarter of 2019 to 2nd quarter of 2020

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Sources

Release date

September 2020

Region

Singapore

Survey time period

Q1 2019 to Q3 2020

Number of respondents

200 respondents

Special properties

among business owners and senior executives representing major industry sectors

Supplementary notes

Figures are calculated by subtracting the percentage of respondents expecting decreases from the percentage expecting increases.

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