Singapore’s services sector expects weaker business conditions in the six months from April to September 2025, according to SingStat. Only 8% of firms are optimistic, whilst 25% expect conditions to worsen. This results in a net weighted balance of 17% predicting a less favourable outlook. The finance and isurance industry expects tougher times ahead due to global economic uncertainty. Banks foresee weaker investment activity and lower loan demand. Payment services firms expect consumers to cut back on spending. Retail trade and food and Beverage services also expect a slowdown, citing fewer festive periods compared to the previous six months. U.S. tariff news is adding to concerns, as households may delay spending, the department said. https://sbr.com.sg/markets/news/services-sector-expects-slower-business-conditions-april-september (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 1 May 2025