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Outlook for financial and manufacturing sectors 'most optimistic' in 2Q2022, says SCCB

Felicia Tan
Felicia Tan3/15/2022 1:8 PM GMT+08  • 3 min read
Outlook for financial and manufacturing sectors 'most optimistic' in 2Q2022, says SCCB
SCCB CEO Audrey Chia says she expects the "overall outlook of firms to remain cautiously optimistic in the next quarter".
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Business sentiment among local firms have moderated slightly for the 2Q2022, says Singapore Commercial Credit Bureau (SCCB), a subsidiary under Credit Bureau Asia (CBA) on March 15.

According to SCCB, the business optimism index (BOI) dipped 0.56 percentage points q-o-q to 5.35 percentage points in the quarter, down from the 5.91 percentage points in the 1Q2022.

On a y-o-y basis, the second quarter’s BOI rebounded 1.41 percentage points from the 3.91 percentage points seen in the 2Q2021.

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