Business sentiment down for Q4: Survey

Category: Credit Matters Published: Friday, 16 October 2015 Written by Admin

SINGAPORE: Sentiment among Singapore companies has hit its lowest level since the first quarter of 2013, with the mood especially dim in the manufacturing and transport sectors, according to the latest quarterly survey by Dun amp; Bradstreet (Singapore) and Singapore Commercial Credit Bureau.

The overall Business Optimism Index was barely positive at +0.14 for the fourth quarter of this year, down from +14.6 for the third quarter.

Among the sectors surveyed, firms in manufacturing and transportation were the least optimistic, while those in services and construction were the most optimistic.

Looking ahead, Dun amp; Bradstreet said conditions will likely remain challenging. Its CEO Audrey Chia said: Companies would continue to be very cautious moving into Q4. Expansion plans are put on hold, so we advise businesses to stay very vigilant, be it on cash flow or credit matters; this will help them to tide through the very bad times. 

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