Business Optimism Index (BOI)

The business optimism index (BOI) fell to 4.60 percentage points in 2Q2023, down from 5.35 percentage points in the year before.

"Moving into 2023, we expect the growth prospects for certain sectors such as transportation and services to remain positive."

“The overall lukewarm outlook for local businesses is due primarily to a weakening external demand," says SCCB's CEO Audrey Chia.

SCCB CEO Audrey Chia says she expects the "overall outlook of firms to remain cautiously optimistic in the next quarter".

The increased optimism for 4Q2021 is due largely to a relatively resilient demand in manufacturing and the financial services

The outlook for the financial, manufacturing and wholesale sectors remained upbeat.

SINGAPORE (Sept 23): Business confidence for the final quarter has dropped to close to a two year-low, as Singapore’s key manufacturing and wholesale trade sectors brace for a downturn.

SINGAPORE (March 1): Business outlook for 2Q17 has rebounded into positive territory following a negative outlook the preceding quarter, according to the Singapore Commercial Credit Bureau (SCCB)’s latest Business Optimism Index (BOI) survey.