Business optimism sinks for second consecutive quarter

By sector, the financial and transportation sectors expect sentiments to remain positive.

Singapore’s business outlook has declined for the second consecutive quarter (Q2 2026) as the Business Optimism Index (BOI) dropped to 4.10 percentage points, according to a Singapore Commercial Credit Bureau report.

However, indicators such as volume of sales and net profits both rose to +6.67
percentage points during the period

Moreover, new orders, inventory levels, and employment all increased to +4.40, +2.22, and +3.70 percentage points, respectively.

Meanwhile, the selling price moderated from +5.93 percentage points in the first quarter to +0.74 percentage points in Q2 2026.

By sector, the financial and transportation sectors expect sentiments to remain positive.

Further, manufacturers' and wholesalers' sentiments both improved during the period.

The outlook for the services sector has moderated, whilst the construction sector remains muted, with only two of six indicators in positive territory.

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