Singapore Business Confidence Growth

2000 - 2024 | Monthly | % Point | CEIC Data

Key information about Singapore Business Confidence Growth

  • Singapore Business Confidence grew 1.6 % in Mar 2024, compared with an increase of 1.2 % YoY in the previous month.
  • Singapore Business Confidence: YoY Change is updated monthly, available from Jan 2000 to Mar 2024, with an averaged rate of -0.2 %.
  • 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 Mar 2024 in the chart:

Singapore Business Confidence Growth

What was Singapore's Business Confidence Growth in Mar 2024?

Singapore Business Confidence grew 1.6 % in Mar 2024, compared with an increase of 1.2 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.6 Mar 2024 1.2 Feb 2024 -37.8 Apr 2001 22.0 Mar 2000 % Point monthly Jan 2000 - Mar 2024

Business Confidence Growth by Country Comparison

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Includes Business Confidence Growth on 72 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% Point) -3.1 Mar 2024 quarterly Jun 2017 - Mar 2024
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 2.0 Mar 2024 monthly Jul 2013 - Mar 2024
Austria (% Point) -12.0 Dec 2023 monthly Jan 1986 - Dec 2023
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -3.4 Mar 2024 monthly Jan 1981 - Mar 2024
Brazil (% Point) 5.8 Mar 2024 monthly Jan 2010 - Mar 2024
Bulgaria (% Point) -0.4 Mar 2024 monthly Jan 1994 - Mar 2024
Canada (% Point) -1.4 Mar 2024 monthly Dec 2001 - Mar 2024
Chile (% Point) 8.2 Feb 2024 monthly Nov 2004 - Feb 2024
China (% Point) -2.2 Mar 2024 monthly Jan 2006 - Mar 2024
Colombia (% Point) -4.5 Feb 2024 monthly Jan 1981 - Feb 2024
Croatia (% Point) 0.6 Mar 2024 monthly May 2009 - Mar 2024
Cyprus (% Point) -11.3 Mar 2024 monthly May 2003 - Mar 2024
Czech Republic (% Point) -7.0 Mar 2024 monthly Mar 1994 - Mar 2024
Denmark (% Point) 10.0 Mar 2024 monthly Jan 1999 - Mar 2024
Ecuador (% Point) 17.8 Feb 2024 monthly Feb 2011 - Feb 2024
Estonia (% Point) -3.3 Mar 2024 monthly May 2002 - Mar 2024
European Union (% Point) -6.4 Mar 2024 monthly Jan 1986 - Mar 2024
Finland (% Point) -0.6 Mar 2024 monthly Jan 1994 - Mar 2024
France (% Point) 1.1 Mar 2024 monthly Jan 1986 - Mar 2024
Georgia (% Point) -21.8 Mar 2024 quarterly Dec 2014 - Mar 2024
Germany (% Point) -15.1 Mar 2024 monthly Jan 1992 - Mar 2024
Ghana (%) 22.8 Feb 2024 monthly Dec 2013 - Feb 2024
Greece (% Point) 2.5 Mar 2024 monthly Jan 1986 - Mar 2024
Hong Kong SAR, China (% Point) -5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
Hungary (% Point) -2.2 Mar 2024 monthly Jan 1997 - Mar 2024
Iceland (% Point) 28.7 Mar 2024 quarterly Dec 2003 - Mar 2024
India (% Point) 0.8 Jun 2024 quarterly Jun 2001 - Jun 2024
Indonesia (% Point) 5.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Israel (% Point) -3.9 Mar 2024 monthly Jan 2016 - Mar 2024
Italy (% Point) -5.5 Mar 2024 monthly Jan 1986 - Mar 2024
Japan (% Point) 7.0 Jun 2024 quarterly Mar 2001 - Jun 2024
Kazakhstan (% Point) -2.0 Jun 2023 quarterly Mar 2009 - Jun 2023
South Korea (% Point) 9.0 Mar 2024 monthly Feb 2004 - Mar 2024
Latvia (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Lithuania (% Point) 9.1 Mar 2024 monthly Apr 2004 - Mar 2024
Luxembourg (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 2024
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 3.1 Dec 2023 quarterly Mar 2004 - Dec 2023
Malta (% Point) -17.8 Mar 2024 monthly Nov 2003 - Mar 2024
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) 2.1 Mar 2024 monthly Jan 2005 - Mar 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) -5.7 Mar 2024 monthly Jan 1986 - Mar 2024
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023
Norway (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Palestinian Territory (% Point) -27.0 Mar 2024 monthly Apr 2014 - Mar 2024
Peru (% Point) 15.8 Mar 2024 monthly Apr 2003 - Mar 2024
Philippines (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Poland (% Point) -2.7 May 2023 monthly Jul 2006 - May 2023
Portugal (% Point) -4.1 Mar 2024 monthly Jan 1988 - Mar 2024
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.8 Mar 2024 monthly Jul 1992 - Mar 2024
Russia (% Point) 2.0 Mar 2024 monthly Jan 2006 - Mar 2024
Serbia (% Point) 3.4 Mar 2024 monthly May 2014 - Mar 2024
Singapore (% Point) 1.6 Mar 2024 monthly Jan 2000 - Mar 2024
Slovakia (% Point) 0.0 Mar 2024 monthly Jan 1994 - Mar 2024
Slovenia (% Point) -4.4 Feb 2024 monthly May 1996 - Feb 2024
South Africa (% Point) 2.9 Mar 2024 monthly Sep 2000 - Mar 2024
Spain (% Point) -2.1 Mar 2024 monthly Jan 1994 - Mar 2024
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 9.6 Mar 2024 monthly Jan 2002 - Mar 2024
Switzerland (% Point) -3.6 Mar 2024 monthly Jan 1996 - Mar 2024
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) -6.6 Mar 2024 monthly Feb 2000 - Mar 2024
Turkey (% Point) -0.6 Mar 2024 monthly Jan 2008 - Mar 2024
Ukraine (% Point) 22.3 Dec 2023 quarterly Sep 2013 - Dec 2023
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 7.6 Mar 2024 monthly Jan 1949 - Mar 2024
Uruguay (% Point) -4.1 Dec 2023 monthly Oct 1999 - Dec 2023

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Singapore Key Series

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Includes 230 key indicators for Singapore, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Consolidated Fiscal Balance (USD mn) 2,633.747 Feb 2024 monthly Apr 2011 - Feb 2024
Tax Revenue (USD mn) 8,564.884 Feb 2024 monthly Aug 1987 - Feb 2024
Tax Revenue: % of GDP (%) 10.1 Dec 2023 quarterly Dec 1987 - Dec 2023
National Government Debt (USD mn) 871,871.2 Dec 2023 quarterly Mar 1990 - Dec 2023
Government Debt: % of GDP (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Forecast: Government Expenditure (SGD bn) 147.746 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,456.380 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 170.603 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) 3,541.600 Feb 2024 monthly Apr 2011 - Feb 2024
Govt Revenue: Operating (SGD mn) 12,149.100 Feb 2024 monthly Jan 2003 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.209 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,438.4 Feb 2024 monthly Jan 1976 - Feb 2024
Total Exports (USD mn) 41,098.4 Feb 2024 monthly Jan 1976 - Feb 2024
Total Exports Growth (%) 6.7 Feb 2024 monthly Jan 1977 - Feb 2024
Aluminum: Exports (USD th) 710,153.306 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 10,982,157.540 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 7,291,818.243 2022 yearly 1995 - 2022
Total Imports (USD mn) 36,659.9 Feb 2024 monthly Jan 1964 - Feb 2024
Total Imports Growth (%) 9.0 Feb 2024 monthly Jan 1965 - Feb 2024
Imports: Medicament (USD th) 2,207,048.295 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,625,676.303 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,443.382 Feb 2024 monthly Jan 1976 - Feb 2024
Total Imports from USA (USD mn) 3,705.218 Feb 2024 monthly Jan 1976 - Feb 2024
Total Exports to China (USD mn) 4,780.943 Feb 2024 monthly Jan 1975 - Feb 2024
Total Imports from China (USD mn) 3,706.529 Feb 2024 monthly Jan 1975 - Feb 2024
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21,534.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance (USD mn) 25,500.6 Dec 2023 quarterly Mar 1986 - Dec 2023
Current Account Balance: % of GDP (%) 19.5 Dec 2023 quarterly Mar 1986 - Dec 2023
Foreign Direct Investment (USD mn) 56,128.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment: % of GDP (%) 42.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment (USD mn) 12,621.668 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 9.7 Dec 2023 quarterly Mar 1995 - Dec 2023
External Debt (USD mn) 1,995,943.0 Dec 2023 quarterly Jun 2003 - Dec 2023
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,297,112.3 Dec 2023 quarterly Jun 2003 - Dec 2023
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 74.156 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 859,132.722 Dec 2023 quarterly Dec 2013 - Dec 2023
BoP: FA: Others: Liabilities (SGD mn) -13,237.200 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Official Reserves (OR): Net (SGD mn) 13,193.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment: Liabilities (SGD mn) 75,741.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Direct Investment (SGD mn) -46,682.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Net Errors and Omissions (SGD mn) -1,315.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Exports (SGD mn) 189,904.700 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Direct Investment: Assets (SGD mn) 29,059.400 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives: Liabilities (SGD mn) -868.800 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: CA: Primary Income Balance (SGD mn) -30,668.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Primary Income Balance: Receipts (SGD mn) 54,446.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 17,032.100 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives (SGD mn) -2,225.900 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: CA: Services: Imports (SGD mn) 102,106.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Imports (SGD mn) 136,982.900 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Goods: Balance (SGD mn) 52,921.800 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: Financial Account (FA): Net (SGD mn) 19,902.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Secondary Income Balance (SGD mn) -1,586.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Others: Assets (SGD mn) 23,081.800 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Inv: Assets (SGD mn) 49,523.600 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives: Assets (SGD mn) -3,094.700 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Current Account (CA) Balance (SGD mn) 34,411.400 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Others (SGD mn) 36,319.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Primary Income Balance: Payment (SGD mn) 85,114.100 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Balance (SGD mn) 13,743.600 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: CA: Services: Exports (SGD mn) 115,850.000 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: Portfolio Investment (SGD mn) 32,491.500 Dec 2023 quarterly Mar 1986 - Dec 2023
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 172,930.000 Dec 2023 quarterly Jun 2003 - Dec 2023
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,376,242.500 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross (SGD mn) 2,633,247.600 Dec 2023 quarterly Jun 2003 - Dec 2023
External Debt: Gross: OL: OS: Short Term (SGD mn) 303,534.300 Sep 2023 quarterly Jun 2003 - Sep 2023
External Debt: Gross: OL: OS: Long Term (SGD mn) 268,923.100 Dec 2023 quarterly Jun 2003 - Dec 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 175,782.000 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 2022 yearly 1998 - 2022
FDI: By Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 6,250.000 Mar 2024 monthly Jan 1970 - Mar 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2022 yearly 2005 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 339,220.196 Feb 2024 monthly Mar 2004 - Feb 2024
Money Supply M2 (USD mn) 943,072.277 Feb 2024 monthly Mar 2004 - Feb 2024
M2 Growth (%) 2.9 Feb 2024 monthly Mar 2005 - Feb 2024
Foreign Exchange Reserves (USD mn) 353,887.7 Mar 2024 monthly Apr 2000 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 67.165 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 10.2 Feb 2024 monthly Apr 2000 - Feb 2024
Gold Reserves (USD mn) 6,877.900 Mar 2024 monthly Apr 2000 - Mar 2024
Total Deposits (USD mn) 1,348,421.565 Feb 2024 monthly Jan 1991 - Feb 2024
Total Deposits Growth (%) 4.3 Feb 2024 monthly Jan 1992 - Feb 2024
Domestic Credit (USD mn) 841,946.3 Feb 2024 monthly Mar 2004 - Feb 2024
Domestic Credit Growth (%) -1.1 Feb 2024 monthly Mar 2005 - Feb 2024
Credit to Households (USD bn) 227.662 Sep 2023 quarterly Mar 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 856.674 Sep 2023 quarterly Dec 1963 - Sep 2023
Household Debt (USD mn) 271,296.0 Feb 2024 monthly Mar 2004 - Feb 2024
Total Loans (USD mn) 934,088.133 Feb 2024 monthly Mar 2004 - Feb 2024
Total Loans Growth (%) -1.48 Feb 2024 monthly Mar 2005 - Feb 2024
Private Debt: % of Nominal GDP (%) 130.91 Dec 2023 quarterly Mar 2004 - Dec 2023
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - 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
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.6 Mar 2024 monthly Jan 2000 - Mar 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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