Profit contractions crush hopes for transport sector in 1Q15

Water and air subsectors perform dismally.

The Business Optimism Index (BOI) by the Singapore Commercial Credit Bureau (SCCB) revealed that the transportation sector emerged as the least optimistic sector with 4 of five business indicators in the contractionary region.

According to SCCB, the poor showing comes amid a strong moderation in growth and pull-back in the water and air transport sub-sectors.

Q-o-q, Volume of sales, net profits, selling price and inventory levels registered a further contraction at net -18.18 percentage points, -13.64 percentage points, -13.64 percentage points and -4.55 percentage points respectively while employee levels remained unchanged.

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