Business improves for S'pore SMEs in most sectors during third quarter, OCBC says

The continued recovery of small and medium-sized enterprises this year has been buoyed by digitalisation and the adoption of e-commerce across industries.
The continued recovery of small and medium-sized enterprises this year has been buoyed by digitalisation and the adoption of e-commerce across industries.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Smaller firms here performed relatively well in the third quarter compared with the second, despite poorer business conditions amid tighter Covid-19 pandemic measures in July and August, noted data on Friday (Nov 19).

An index compiled by OCBC Bank showed an overall reading of 53.6 points for the three months to Sept 30, down from 59.5 in the April to June quarter.

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