Singapore Business Confidence
Singapore business confidence rose to 5 points in Q2 2025, up from -6 points in Q1 2025. This 183.3% increase reflects a recovery in manufacturing particularly in chemicals and electronics. The biomedical manufacturing sector also improved. This positive sentiment aligns with Singapore's economy growing 4.3% year-on-year in Q2 2025, a turnaround from a 0.5% contraction in Q1 2025. Expansions in wholesale trade, manufacturing, finance and transportation sectors supported this growth. Front-loading activities before US tariffs also boosted sentiment. Singapore's record low business confidence was -56 points in Q1 2020 and record high was 38 points in Q1 2021.
Quarterly Historical Data (2015-2025)
(in points)Singapore Business Confidence : Definition
Singapore business confidence measures the outlook of Singaporean businesses on the economy. It is derived from surveys asking about expectations for sales, profits and investment. Readings above a neutral point show optimism while readings below indicate pessimism regarding future economic activity.