Sentiment and Performance Fall Further into Negative Territory as Firms Face Struggles
A recent quarterly survey conducted by The Business Times and Singapore University of Social Sciences (BT-SUSS) reveals that Singaporean businesses are becoming increasingly pessimistic as their sentiment and performance continue to decline. After a weaker-than-expected third quarter, both business outlook and financial results have deepened into negative territory.
This shift reflects growing concerns among firms facing economic pressures, with poor earnings, sluggish demand, and higher costs weighing heavily on business operations. The pessimistic trend has led to a dimmer outlook for the final quarter of the year, further compounded by uncertainties surrounding global economic conditions and local market performance.
As companies continue to navigate challenging conditions, slowing growth and profitability concerns are now at the forefront of their planning. Many are adapting by focusing on cost-cutting measures and efficiency improvements to weather the difficult period ahead.
