Optimism index for indicators of business Singapore Q1 2019-2020

According to a survey of businesses in Singapore, business sentiments for the second quarter of 2020 regarding selling price in businesses decreased by more than 17 percentage points from the first quarter of that year. The sharp drop in optimism regarding the key business indicators 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 sentiments regarding key indicators of business in Singapore from 1st quarter of 2019 to 2nd quarter of 2020

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Release date

March 2020



Survey time period

February to March 2020

Number of respondents

200 respondents

Special properties

among business owners and senior executives representing major industry sectors

Supplementary notes

The index is calculated by subtracting the percentage of respondents expecting decreases from the percentage expecting increases.

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Statistics on "Coronavirus (COVID-19) outbreak in Singapore"

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