Overview
The Business Expectations Survey measures firms’ general business outlook for the next six months, as well as their operating revenue/output and employment outlook for the next three months. The findings are used by the government and the business community in policy making and business planning.
Statistics on business expectations of the services and manufacturing sectors are compiled by the Singapore Department of Statistics and Economic Development Board respectively.
Latest News & Data
Latest News
A net weighted balance of 4% of services firms expect a less favourable business outlook for the period of Apr–Sep 2026, with 13% upbeat and 17% pessimistic.
A net weighted balance of 17% of manufacturing firms expect a positive business outlook for the period of Apr–Sep 2026, with 34% upbeat and 17% pessimistic.
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Latest Data
| Item | Unit | Latest Period | Latest Data |
% Change (Y-o-Y)
|
Previous Period Data |
% Change (Y-o-Y)
|
|---|---|---|---|---|---|---|
| General Business Outlook (Services) | % | 1Q 2026 | -4 | na | +4 | na |
| Revenue Outlook (Services) | % | 1Q 2026 | -1 | na | +3 | na |
| Hiring Outlook (Services) | % | 1Q 2026 | 0 | na | +8 | na |
| General Business Outlook (Manufacturing) | % | 1Q 2026 | +17 | na | +11 | na |
| Output (Manufacturing) | % | 1Q 2026 | +20 | na | +6 | na |
| Item | Unit | Latest Period | Latest Data |
% Change (Y-o-Y)
|
Previous Period Data |
% Change (Y-o-Y)
|
|---|---|---|---|---|---|---|
| General Business Outlook (Services) | % | 1Q 2026 | -4 | na | +4 | na |
| Revenue Outlook (Services) | % | 1Q 2026 | -1 | na | +3 | na |
| Hiring Outlook (Services) | % | 1Q 2026 | 0 | na | +8 | na |
| General Business Outlook (Manufacturing) | % | 1Q 2026 | +17 | na | +11 | na |
| Output (Manufacturing) | % | 1Q 2026 | +20 | na | +6 | na |