LOCAL business sentiment continues an upward trajectory, hitting a one-year high in the second quarter of 2024. Data from the Singapore Commercial Credit Bureau (SCCB) released on Monday (Mar 11) showed that the Business Optimism Index rose for the third consecutive quarter in Q2 to +4.82 percentage points, from +4.48 percentage points in Q1 2024. On the year, the index for the quarter was also higher than the +4.60 percentage points in Q2 2023. Similar to the previous quarter, indicators of sales volume, net profit, selling price, new orders, and employment level stayed expansionary, while inventory level fell further to -2.99 percentage points in Q2 2024 from -2.24 percentage points in Q1 2024.   https://www.businesstimes.com.sg/singapore/economy-policy/singapore-business-confidence-hits-one-year-high-q2-2024-sccb (ICE SINGAPORE)

Fonte notizia: The Business Times, 11 March 2024