Xie Huiqing, president of the Business Credit Information Center, pointed out that global uncertainty and downward risks are affecting corporate confidence, and the manufacturing and wholesale trade industries are particularly affected due to their...
Xie Huiqing, president of the Business Credit Information Center, pointed out that global uncertainty and downward risks are affecting corporate confidence, and the manufacturing and wholesale trade industries are particularly affected due to their high reliance on external markets.
Local companies' confidence in the economic outlook fell to their lowest points in nearly two years in the third quarter, with manufacturing and wholesale trade the most pessimistic.
According to industry, the optimism in the transportation and finance industries is the most obvious, while the manufacturing and wholesale trade industries are in a pessimistic state.
She also warned that the deadline for the United States to implement tariff measures is approaching, which may intensify global trade frictions, further push up costs and drag down overall economic activity.
Only the selling price indicator rose, climbing from 8.80 percentage points to 10.83 percentage points. The inventory level continued to shrink, maintaining at minus 0.80 percentage points.
According to data released by the Singapore Commercial Credit Bureau (SCCB) on Tuesday (June 17), the Business Optimism Index fell to 4.30 percentage points in the third quarter, down from 5.20 percentage points in the second quarter and further declined from 4.94 percentage points in the same period last year.
Only one of the six major indicators rose quarterly, and the other five showed signs of slowing down. Among them, sales volume and net profit both fell from 6.40 percentage points in the second quarter to 5.19 percentage points; new orders fell to 2.40 percentage points, and the employment indicator also fell from 7.20 percentage points to 2.99 percentage points.
