Singapore Business Confidence

Business Confidence in Singapore increased to 12 in the first quarter of 2013 from -10 in the fourth quarter of 2012. Business Confidence in Singapore is reported by the Statistics Singapore. Historically, from 1980 until 2013, Singapore Business Confidence averaged 11.25 reaching an all time high of 45 in May of 1987 and a record low of -57 in November of 2008. In Singapore, the Survey of Business Expectations of the Manufacturing Sector covers around 410 manufacturing firms. These companies are asked to assess their expectation of general business conditions, output and employment for the next six months. Provided responses are then weighted by their contribution to employment and value added. The indicator is computed as the difference between the weighted percentage of positive assessments and the weighted percentage of negative responses. The index varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence. This page includes a chart with historical data for Singapore Business Confidence.

FROM TO COMPARE
Singapore Business Confidence

Business Last Previous Highest Lowest Forecast Unit Trend
Industrial Production 4.70 Apr/2013 -3.80 58.60 -32.20 -0.87 May/2013 Percent Trend
Bankruptcies 157.00 Apr/2013 136.00 507.00 78.00 165.75 Apr/2013 Companies Trend
Business Confidence 12.00 Feb/2013 -10.00 45.00 -57.00 10.69 Jun/2013 Trend
Car Registrations 3990.00 May/2013 3599.00 16204.00 2659.00 3163.08 May/2013 Cars Trend
Changes in Inventories 946.20 Feb/2013 5770.70 5770.70 -4956.20 3552.21 Mar/2013 SGD Million Trend
Housing Index 256.70 Feb/2013 255.80 256.70 8.00 256.45 Jun/2013 Index Points Trend


Calendar Country Event Reference Actual Previous Consensus Forecast
30/Apr/2013 06:00 AM
Singapore Business Confidence Q1 2013 12 -10



Business Confidence | Notes

The Business Confidence Index is an indicator designed to measure the degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases.



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