Singapore business optimism for 2018 hits two-year high, finds survey

SINGAPORE (Dec 6): Singapore’s business optimism and profitability expectations for the year ahead have both hit two-year highs after rising 26 and 22 percentage points q-o-q, respectively, according to Grant Thornton’s annual APAC businesses report for 3Q17.

This is in line with much of the Asia Pacific region, which has seen increases in business and profitability sentiment compared to a quarter ago despite q-o-q declines globally in both components of the survey.

For the latest report by Grant Thornton, 686 businesses in Australia, Mainland China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore and Thailand were surveyed during the months of Aug and Sept 2017.

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