SINGAPORE (Sept 23): Business confidence for the final quarter has dropped to close to a two year-low, as Singapore’s key manufacturing and wholesale trade sectors brace for a downturn.

Business sentiment has dipped to +4.82 percentage points for 4Q19, from +6.91 percentage points for the current quarter, according to data from the Business Optimism Index released recently by the Singapore Commercial Credit Bureau (SCCB).

On a year-on-year basis, business confidence has nearly halved from the +9.19 percentage points in 4Q18.

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