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Services sector firms upbeat on business outlook for next six months: SingStat

Atiqah Mokhtar
Atiqah Mokhtar7/30/2021 1:43 PM GMT+08  • 3 min read
Services sector firms upbeat on business outlook for next six months: SingStat
Within the sector, most industries expect business conditions to improve, except for F&B and real estate.
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According to the quarterly Business Expectations Survey conducted by the Singapore Department of Statistics (SingStat), firms in the services sector remain positive on their business outlook for the next six months.

Findings from the 3Q survey indicate that 20% of firms are optimistic about the business conditions while 9% of firms foresee slower business conditions, resulting in a net weighted balance of 11% of firms predicting a more favourable business outlook for the period between July to December.

This is similar to the net weighted balance recorded in the previous quarter.

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