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
15% of firms in the services sector are upbeat about business conditions while 11% foresee deteriorating business conditions, resulting in a net weighted balance of 4% of firms expecting a more favourable business outlook for the period of Jan – Jun 2026.
24% of firms in the manufacturing sector foresee business conditions to improve while 13% expect weaker business prospects, resulting in a net weighted balance of 11% of firms projecting a better business situation for the period of Jan – Jun 2026.
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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) | % | 4Q 2025 | +4 | na | +10 | na |
| Revenue Outlook (Services) | % | 4Q 2025 | +3 | na | +14 | na |
| Hiring Outlook (Services) | % | 4Q 2025 | +8 | na | +10 | na |
| General Business Outlook (Manufacturing) | % | 4Q 2025 | +11 | na | +8 | na |
| Output (Manufacturing) | % | 4Q 2025 | +6 | na | +7 | na |
| Item | Unit | Latest Period | Latest Data |
% Change (Y-o-Y)
|
Previous Period Data |
% Change (Y-o-Y)
|
|---|---|---|---|---|---|---|
| General Business Outlook (Services) | % | 4Q 2025 | +4 | na | +10 | na |
| Revenue Outlook (Services) | % | 4Q 2025 | +3 | na | +14 | na |
| Hiring Outlook (Services) | % | 4Q 2025 | +8 | na | +10 | na |
| General Business Outlook (Manufacturing) | % | 4Q 2025 | +11 | na | +8 | na |
| Output (Manufacturing) | % | 4Q 2025 | +6 | na | +7 | na |