Upbeat business sentiment in 2Q expected

Positive territory: The central business district in Singapore. The city-state’s business optimism index is up for the third consecutive quarter, increasing to 4.82 percentage points for the second quarter from 4.48 percentage points in the first quarter. — Bloomberg

SINGAPORE: Local business sentiment continues an upward trajectory, hitting a one-year high for the second quarter of 2024.

Data from the Singapore Commercial Credit Bureau (SCCB) released on March 11 showed that the business optimism index rose for the third consecutive quarter, increasing to 4.82 percentage points for the second quarter from 4.48 percentage points in the first quarter of 2024.