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More optimism among Singapore companies in Q2

Published on Mar 31, 2014 2:25 PM

Companies are turning more optimistic about the second quarter of this year, after adopting a warier stance in the first three months.

The Singapore Commercial Credit Bureau said on Monday that its latest Business Optimism Index (BOI) showed an improvement in the outlook for the coming quarter.

Its index score rebounded to 22.66 percentage points for the second quarter, from 13.13 percentage points for the first quarter. This score is obtained by subtracting the percentage of pessimistic firms from the percentage of optimistic firms.

The measure is based on a business sentiment survey designed to capture business expectations. It tracks business parameters including net profits, selling prices, new orders, inventory levels and employee headcounts, and is commonly used worldwide to analyse major trends and issues concerning the business community.

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