Singapore: Business confidence survey
* indicates monthly or quarterly data series
The most recent value is 16 points as of Q1 2025, an increase compared to the previous value of 10 points. Historically, the average for Singapore from Q2 1970 to Q1 2025 is 12.6 points. The minimum of -57 points was recorded in Q1 2009, while the maximum of 54 points was reached in Q2 1976.
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* indicates monthly or quarterly data series
- Measure: points
- Source: Department of Statistics Singapore
| Recent values | Singapore: Business confidence survey |
|---|---|
| 2025 Q1 | 16 |
| 2024 Q4 | 10 |
| 2024 Q3 | 23 |
| 2024 Q2 | 22 |
| 2024 Q1 | 10 |
| 2023 Q4 | 7 |
| 2023 Q3 | 6 |
| 2023 Q2 | 2 |
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Definition: The business survey indicator provides information on the amount of optimism or pessimism that business managers feel about the prospects of their companies, based upon opinion surveys on developments in production, orders and stocks of finished goods and the general economic situation of the company. It can be used to monitor output growth and to anticipate turning points in economic activity.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 5.80 | 3/2025 | percent |
| Retail sales | 99.90 | 2/2025 | index points |
| Retail sales Y-on-Y | 0.01 | 2/2025 | percent |
| House price index | 154.05 | Q3/2024 | index points |
| Real residential property prices Y-on-Y change | 2.20 | Q3/2024 | percent |
| Business confidence survey | 16.00 | Q1/2025 | points |
| Consumer confidence survey | 95.00 | Q3/2021 | points |