Singapore Business Confidence Growth

2000 - 2025 | Monthly | % Point | CEIC Data

Key information about Singapore Business Confidence Growth

  • Singapore Business Confidence dropped by 1.6 % in Dec 2025, compared with a decrease of 1.6 % YoY in the previous month.
  • Singapore Business Confidence: YoY Change is updated monthly, available from Jan 2000 to Dec 2025, with an averaged rate of -1.8 %.
  • The data reached an all-high of 22.0 % in Mar 2000 and a record low of -37.8 % in Apr 2001.

CEIC calculates Business Confidence Change from monthly Purchasing Manager Index. The Singapore Institute of Purchasing and Materials Management provides Purchasing Manager Index with range from 0 to 100 with neutral point 50. Business Confidence covers Manufacturing sector only.

View Singapore's Business Confidence Growth from Jan 2000 to Dec 2025 in the chart:

Singapore Business Confidence Growth

What was Singapore's Business Confidence Growth in Dec 2025?

Singapore Business Confidence dropped by 1.6 % in Dec 2025, compared with a decrease of 1.6 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1.6 Dec 2025 -1.6 Nov 2025 -37.8 Apr 2001 22.0 Mar 2000 % Point monthly Jan 2000 - Dec 2025

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) -3.7 Dec 2025 quarterly Jun 2017 - Dec 2025
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 4.0 Nov 2025 monthly Jul 2013 - Nov 2025
Austria (% Point) 8.0 Nov 2025 monthly Jan 1986 - Nov 2025
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) 5.1 Dec 2025 monthly Jan 1981 - Dec 2025
Brazil (% Point) -9.2 Nov 2025 monthly Jan 2010 - Nov 2025
Bulgaria (% Point) -0.5 Dec 2025 monthly Jan 1994 - Dec 2025
Canada (% Point) -5.6 Dec 2025 monthly Dec 2001 - Dec 2025
Chile (% Point) 3.8 Dec 2025 monthly Nov 2004 - Dec 2025
China (% Point) 0.0 Dec 2025 monthly Jan 2006 - Dec 2025
Colombia (% Point) 5.3 Oct 2025 monthly Jan 1981 - Oct 2025
Croatia (% Point) 5.2 Dec 2025 monthly May 2009 - Dec 2025
Cyprus (% Point) -18.5 Nov 2025 monthly May 2003 - Nov 2025
Czech Republic (% Point) 2.4 Dec 2025 monthly Mar 1994 - Dec 2025
Denmark (% Point) -20.3 Nov 2025 monthly Jan 1986 - Nov 2025
Ecuador (% Point) -7.6 Nov 2025 monthly Feb 2011 - Nov 2025
Estonia (% Point) 1.4 Nov 2025 monthly May 2002 - Nov 2025
European Union (% Point) 0.9 Nov 2025 monthly Jan 1986 - Nov 2025
Finland (% Point) 8.2 Dec 2025 monthly Jan 1994 - Dec 2025
France (% Point) 3.1 Dec 2025 monthly Jan 1986 - Dec 2025
Georgia (% Point) 30.9 Dec 2025 quarterly Dec 2014 - Dec 2025
Germany (% Point) 9.6 Dec 2025 monthly Jan 1992 - Dec 2025
Ghana (%) 14.8 Oct 2025 monthly Dec 2013 - Oct 2025
Greece (% Point) 3.9 Dec 2025 monthly Jan 1986 - Dec 2025
Hong Kong SAR, China (% Point) 1.0 Dec 2025 quarterly Mar 2009 - Dec 2025
Hungary (% Point) 5.2 Dec 2025 monthly Jan 1997 - Dec 2025
Iceland (% Point) -129.4 Dec 2025 quarterly Dec 2003 - Dec 2025
India (% Point) 6.0 Dec 2025 quarterly Jun 2001 - Dec 2025
Indonesia (% Point) -0.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Israel (% Point) -0.8 Dec 2025 monthly Jan 2016 - Dec 2025
Italy (% Point) 3.6 Nov 2025 monthly Jan 1986 - Nov 2025
Japan (% Point) 3.0 Mar 2026 quarterly Mar 2005 - Mar 2026
Kazakhstan (% Point) 1.0 Dec 2024 quarterly Mar 2009 - Dec 2024
South Korea (% Point) 10.0 Jan 2026 monthly Feb 2004 - Jan 2026
Latvia (% Point) 2.1 Nov 2025 monthly Apr 1994 - Nov 2025
Lithuania (% Point) 0.2 Dec 2025 monthly Apr 2004 - Dec 2025
Luxembourg (% Point) -9.8 Nov 2025 monthly Jan 1986 - Nov 2025
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024
Malta (% Point) 36.3 Dec 2025 monthly Nov 2003 - Dec 2025
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -4.6 Dec 2025 monthly Jan 2005 - Dec 2025
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 0.5 Dec 2025 monthly Jan 1986 - Dec 2025
New Zealand (% Point) 10.2 Oct 2025 monthly Aug 2003 - Oct 2025
Nigeria (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025
Norway (% Point) 6.1 Nov 2025 monthly Feb 2005 - Nov 2025
Palestinian Territory (% Point) 3.9 Oct 2025 monthly Apr 2014 - Oct 2025
Peru (% Point) 15.2 Nov 2025 monthly Apr 2003 - Nov 2025
Philippines (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
Poland (% Point) 3.8 Nov 2025 monthly Jul 2006 - Nov 2025
Portugal (% Point) 3.9 Dec 2025 monthly Jan 1988 - Dec 2025
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) 0.6 Dec 2025 monthly Jul 1992 - Dec 2025
Russia (% Point) -4.0 Dec 2025 monthly Jan 2006 - Dec 2025
Serbia (% Point) 0.2 Dec 2025 monthly May 2014 - Dec 2025
Singapore (% Point) -1.6 Dec 2025 monthly Jan 2000 - Dec 2025
Slovakia (% Point) -3.0 Dec 2025 monthly Jan 1994 - Dec 2025
Slovenia (% Point) 4.1 Dec 2025 monthly May 1996 - Dec 2025
South Africa (% Point) -11.7 Dec 2025 monthly Sep 2000 - Dec 2025
Spain (% Point) 2.0 Nov 2025 monthly Jan 1994 - Nov 2025
Sri Lanka (% Point) 5.8 Oct 2025 monthly May 2016 - Oct 2025
Sweden (% Point) 6.0 Dec 2025 monthly Nov 1995 - Dec 2025
Switzerland (% Point) -2.4 Dec 2025 monthly Jan 1996 - Dec 2025
Taiwan, China (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 2.8 Dec 2025 monthly Feb 2000 - Dec 2025
Turkey (% Point) 1.0 Dec 2025 monthly Jan 2008 - Dec 2025
Ukraine (% Point) 3.6 Sep 2025 quarterly Sep 2013 - Sep 2025
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) -2.6 Dec 2025 monthly Jan 1949 - Dec 2025
Uruguay (% Point) -6.8 Oct 2025 monthly Oct 1999 - Oct 2025

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.2 Sep 2025 quarterly Mar 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) 5,310.739 Nov 2025 monthly Apr 2011 - Nov 2025
Tax Revenue (USD mn) 8,526.522 Nov 2025 monthly Aug 1987 - Nov 2025
Tax Revenue: % of GDP (%) 16.1 Sep 2025 quarterly Dec 1987 - Sep 2025
National Government Debt (USD mn) 1,010,431.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Government Debt: % of GDP (%) 173.4 Sep 2025 quarterly Mar 1990 - Sep 2025
Forecast: Government Expenditure (SGD bn) 168.350 2031 yearly 1991 - 2031
Forecast: Government Net Debt (SGD bn) 1,657.979 2031 yearly 1991 - 2031
Forecast: Government Revenue (SGD bn) 186.395 2031 yearly 1991 - 2031
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,199.900 Oct 2025 monthly Apr 2011 - Oct 2025
Govt Revenue: Operating (SGD mn) 12,248.200 Nov 2025 monthly Jan 2003 - Nov 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.246 2030 yearly 1980 - 2030
Trade Balance (USD mn) 5,887.1 Nov 2025 monthly Jan 1976 - Nov 2025
Total Exports (USD mn) 50,616.3 Nov 2025 monthly Jan 1976 - Nov 2025
Total Exports Growth (%) 13.3 Nov 2025 monthly Jan 1977 - Nov 2025
Aluminum: Exports (USD th) 804,810.730 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 8,129,174.836 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 9,478,814.484 2024 yearly 1995 - 2024
Total Imports (USD mn) 45,858.6 Oct 2025 monthly Jan 1964 - Oct 2025
Total Imports Growth (%) 20.3 Oct 2025 monthly Jan 1965 - Oct 2025
Imports: Medicament (USD th) 2,332,947.888 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 3,832,220.692 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,342.959 Oct 2025 monthly Jan 1976 - Oct 2025
Total Imports from USA (USD mn) 4,396.561 Nov 2025 monthly Jan 1976 - Nov 2025
Total Exports to China (USD mn) 5,785.284 Oct 2025 monthly Jan 1975 - Oct 2025
Total Imports from China (USD mn) 5,298.764 Nov 2025 monthly Jan 1975 - Nov 2025
Exports: YoY Growth (%) 9.982 Nov 2025 monthly Jan 1965 - Nov 2025
Imports: YoY Growth (%) 7.366 Nov 2025 monthly Jan 1965 - Nov 2025
Export: sa: MoM Growth (%) -0.876 Nov 2025 monthly Feb 1976 - Nov 2025
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17,778.9 Sep 2025 quarterly Mar 1995 - Sep 2025
Current Account Balance (USD mn) 26,008.1 Sep 2025 quarterly Mar 1986 - Sep 2025
Current Account Balance: % of GDP (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Foreign Direct Investment (USD mn) 35,793.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Direct Investment: % of GDP (%) 24.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment (USD mn) 3,900.132 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 2.7 Sep 2025 quarterly Mar 1995 - Sep 2025
External Debt (USD mn) 2,330,656.7 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: % of GDP (%) 407.1 2024 yearly 2003 - 2024
External Debt: Short Term (USD mn) 1,447,490.7 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: Short Term: % of GDP (%) 256.0 2024 yearly 2003 - 2024
Forecast: Current Account Balance (USD bn) 109.808 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 894,547.160 Sep 2025 quarterly Dec 2013 - Sep 2025
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,480,796.300 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: Gross (SGD mn) 3,007,246.300 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: Gross: OL: OS: Short Term (SGD mn) 386,901.000 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: Gross: OL: DTC: Long Term (SGD mn) 198,692.200 Sep 2025 quarterly Jun 2003 - Sep 2025
External Debt: Gross: OL: OS: Long Term (SGD mn) 329,385.900 Sep 2025 quarterly Jun 2003 - Sep 2025
BoP: FA: Financial Derivatives (SGD mn) 1,654.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Direct Investment (SGD mn) -38,869.000 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Assets (SGD mn) 21,890.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: FA: Others (SGD mn) 62,851.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 6,433.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: Financial Account (FA): Net (SGD mn) 39,070.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 8,088.600 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: Current Account (CA) Balance (SGD mn) 28,814.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Balance (SGD mn) 48,600.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 60,759.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Services: Imports (SGD mn) 121,243.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Secondary Income Balance (SGD mn) -2,478.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Liabilities (SGD mn) 47,377.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Net Errors and Omissions (SGD mn) -974.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Official Reserves (OR): Net (SGD mn) -11,230.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 23,633.100 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Goods: Exports (SGD mn) 201,807.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,199.900 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 62,901.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Imports (SGD mn) 153,207.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,354.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Investment (SGD mn) 13,433.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance (SGD mn) -32,453.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Assets (SGD mn) 110,229.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Balance (SGD mn) 15,145.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Exports (SGD mn) 136,388.600 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
Direct Investment Abroad: European Union (EU-27) (SGD mn) 234,607.400 2023 yearly 1994 - 2023
Foreign Direct Investment (FDI): Total (SGD mn) 2,843,105.600 2023 yearly 1998 - 2023
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 135,762.400 2023 yearly 1998 - 2023
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,137.600 2023 yearly 1998 - 2023
FDI: By Industry: Manufacturing (SGD mn) 279,941.300 2023 yearly 1998 - 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,788,363.400 2023 yearly 1998 - 2023
FDI: By Country: Switzerland (SGD mn) 73,934.800 2023 yearly 1998 - 2023
FDI: By Country: United States (SGD mn) 692,307.300 2023 yearly 1998 - 2023
FDI: By Country: Japan (SGD mn) 181,047.100 2023 yearly 1998 - 2023
FDI: By Country: United Kingdom (SGD mn) 153,599.700 2023 yearly 1998 - 2023
FDI: By Country: Netherlands (SGD mn) 81,934.900 2023 yearly 1998 - 2023
Business Entities (BE): Formation: Total (Number) 6,070.000 Nov 2025 monthly Jan 1970 - Nov 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 408,786.384 Oct 2025 monthly Mar 2004 - Oct 2025
Money Supply M2 (USD mn) 1,091,902.894 Nov 2025 monthly Mar 2004 - Nov 2025
M2 Growth (%) 6.1 Nov 2025 monthly Mar 2005 - Nov 2025
Foreign Exchange Reserves (USD mn) 397,006.5 Dec 2025 monthly Apr 2000 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 66.529 Sep 2025 quarterly Jun 2000 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 4,344.800 Dec 2025 monthly Apr 2000 - Dec 2025
Total Deposits (USD mn) 1,552,978.712 Oct 2025 monthly Jan 1991 - Oct 2025
Total Deposits Growth (%) 11.1 Nov 2025 monthly Jan 1992 - Nov 2025
Domestic Credit (USD mn) 942,631.6 Oct 2025 monthly Mar 2004 - Oct 2025
Domestic Credit Growth (%) 5.2 Oct 2025 monthly Mar 2005 - Oct 2025
Credit to Households (USD bn) 260.901 Jun 2025 quarterly Mar 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 997.056 Jun 2025 quarterly Dec 1963 - Jun 2025
Household Debt (USD mn) 307,915.4 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans (USD mn) 1,034,013.987 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans Growth (%) 5.66 Nov 2025 monthly Mar 2005 - Nov 2025
Private Debt: % of Nominal GDP (%) 129.14 Sep 2025 quarterly Mar 2004 - Sep 2025
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.6 Dec 2025 monthly Jan 2000 - Dec 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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