SINGAPORE - Business climate is expected to remain unchanged for the first half of this year, a report on business expectations released by Singstat says.
The Business Expectations Survey found that a weighted 14 per cent of firms are optimistic about business prospects, while a weighted 19 per cent of firms project slower business.
For the wholesale industry, firms dealing with food and beverages and chemicals & chemical products are more optimistic than wholesalers of household electrical appliances.
A net weighted balance of 15 per cent of firms in the retail trade industry are less optimistic for the six-month period ending June 2013.
In particular, retailers of motor vehicles reported concerns over changes made to the Certificate of Entitlement (COE) quota.
A net weighted balance of 11 per cent of firms in the real estate industry, in particular real estate developers, foresee lower sales for the three-month period ending March 2013.
Firms in the accommodation industry also predict less favourable business conditions for first quarter of 2013. The industry also expects a decrease in hiring activity after the end of the holiday season.
Similarly, both turnover and employment levels for the food & beverage industry are expected to drop in the same period.
More details are available in the press release on the next page: