Services firms less optimistic about business in first 6 months of 2022

Across industries, firms in wholesale trade expressed the highest optimism.

Services firms in Singapore are less optimistic about the business conditions in the next six months.

Data from the Singapore Department of Statistics showed that a net weighted balance of 14% of firms is expecting more favourable business conditions for January 2022 to June 2022.

This is lower than the net weighted balance of 19% for October 2021 to March 2022.

Except for real estate, all industries expected improved business conditions for the first six months of 2022.

The highest optimism was seen in firms in the Wholesale Trade and Information and Communication that both had a net weighted balance of 20%.

Firms in the Finance and Insurance (19%), Transporation and Storage (17%), Retail Trade (11%), Recreation, Community and Personal Services (11%), and Professional Services were also positive about their business conditions.

On the other hand, firms in real estate expect less favourable business conditions in the coming months with a net weighted balance of -12%.

Follow the link for more news on

Department of Statistics

Business Expectations Survey

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia