Singapore Business Confidence Growth

2000 - 2025 | Monthly | % Point | CEIC Data

Key information about Singapore Business Confidence Growth

  • Singapore Business Confidence grew 0.4 % in Jan 2025, 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 Jan 2025, 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 Jan 2025 in the chart:

Singapore Business Confidence Growth

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

Singapore Business Confidence grew 0.4 % in Jan 2025, 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
0.4 Jan 2025 1.2 Dec 2024 -37.8 Apr 2001 22.0 Mar 2000 % Point monthly Jan 2000 - Jan 2025

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) -5.7 Dec 2024 quarterly Jun 2017 - Dec 2024
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) -2.0 Dec 2024 monthly Jul 2013 - Dec 2024
Austria (% Point) -5.0 Jan 2025 monthly Jan 1986 - Jan 2025
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -2.1 Dec 2024 monthly Jan 1981 - Dec 2024
Brazil (% Point) -2.2 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (% Point) 3.3 Jan 2025 monthly Jan 1994 - Jan 2025
Canada (% Point) -18.8 Jan 2025 monthly Dec 2001 - Jan 2025
Chile (% Point) 10.7 Jan 2025 monthly Nov 2004 - Jan 2025
China (% Point) -0.2 Jan 2025 monthly Jan 2006 - Jan 2025
Colombia (% Point) 4.1 Dec 2024 monthly Jan 1981 - Dec 2024
Croatia (% Point) -3.4 Jan 2025 monthly May 2009 - Jan 2025
Cyprus (% Point) 7.9 Jan 2025 monthly May 2003 - Jan 2025
Czech Republic (% Point) 3.0 Jan 2025 monthly Mar 1994 - Jan 2025
Denmark (% Point) 9.8 Jan 2025 monthly Jan 1986 - Jan 2025
Ecuador (% Point) 7.5 Dec 2024 monthly Feb 2011 - Dec 2024
Estonia (% Point) 10.0 Jan 2025 monthly May 2002 - Jan 2025
European Union (% Point) -3.0 Jan 2025 monthly Jan 1986 - Jan 2025
Finland (% Point) 6.7 Jan 2025 monthly Jan 1994 - Jan 2025
France (% Point) -3.0 Jan 2025 monthly Jan 1986 - Jan 2025
Georgia (% Point) 2.2 Mar 2025 quarterly Dec 2014 - Mar 2025
Germany (% Point) -9.8 Jan 2025 monthly Jan 1992 - Jan 2025
Ghana (%) 14.4 Aug 2024 monthly Dec 2013 - Aug 2024
Greece (% Point) 7.4 Jan 2025 monthly Jan 1986 - Jan 2025
Hong Kong SAR, China (% Point) -11.0 Mar 2025 quarterly Mar 2009 - Mar 2025
Hungary (% Point) -6.4 Jan 2025 monthly Jan 1997 - Jan 2025
Iceland (% Point) 98.4 Dec 2024 quarterly Dec 2003 - Dec 2024
India (% Point) -10.3 Mar 2025 quarterly Jun 2001 - Mar 2025
Indonesia (% Point) -1.7 Mar 2025 quarterly Mar 2011 - Mar 2025
Israel (% Point) 17.3 Jan 2025 monthly Jan 2016 - Jan 2025
Italy (% Point) -1.3 Jan 2025 monthly Jan 1986 - Jan 2025
Japan (% Point) 3.0 Mar 2025 quarterly Mar 2001 - Mar 2025
Kazakhstan (% Point) 3.0 Mar 2024 quarterly Mar 2009 - Mar 2024
South Korea (% Point) -6.0 Feb 2025 monthly Feb 2004 - Feb 2025
Latvia (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Lithuania (% Point) 7.8 Nov 2024 monthly Apr 2004 - Nov 2024
Luxembourg (% Point) 1.1 Jan 2025 monthly Jan 1986 - Jan 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) -13.0 Jan 2025 monthly Nov 2003 - Jan 2025
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -4.1 Nov 2024 monthly Jan 2005 - Nov 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 2.8 Jan 2025 monthly Jan 1986 - Jan 2025
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024
Norway (% Point) 0.1 Jan 2025 monthly Feb 2005 - Jan 2025
Palestinian Territory (% Point) 4.1 Dec 2024 monthly Apr 2014 - Dec 2024
Peru (% Point) 26.0 Nov 2024 monthly Apr 2003 - Nov 2024
Philippines (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Poland (% Point) -2.7 May 2023 monthly Jul 2006 - May 2023
Portugal (% Point) 2.7 Jan 2025 monthly Jan 1988 - Jan 2025
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -2.1 Jan 2025 monthly Jul 1992 - Jan 2025
Russia (% Point) -1.0 Dec 2024 monthly Jan 2006 - Dec 2024
Serbia (% Point) -0.7 Jan 2025 monthly May 2014 - Jan 2025
Singapore (% Point) 0.4 Jan 2025 monthly Jan 2000 - Jan 2025
Slovakia (% Point) 7.3 Jan 2025 monthly Jan 1994 - Jan 2025
Slovenia (% Point) 0.4 Jan 2025 monthly May 1996 - Jan 2025
South Africa (% Point) -7.8 Dec 2024 monthly Sep 2000 - Dec 2024
Spain (% Point) -0.4 Jan 2025 monthly Jan 1994 - Jan 2025
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 11.4 Jan 2025 monthly Jan 2002 - Jan 2025
Switzerland (% Point) 9.0 Jan 2025 monthly Jan 1996 - Jan 2025
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 1.0 Jan 2025 monthly Feb 2000 - Jan 2025
Turkey (% Point) -0.3 Jan 2025 monthly Jan 2008 - Jan 2025
Ukraine (% Point) 1.7 Jun 2024 quarterly Sep 2013 - Jun 2024
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 4.0 Jan 2025 monthly Jan 1949 - Jan 2025
Uruguay (% Point) -6.9 Oct 2024 monthly Oct 1999 - Oct 2024

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2012 - Sep 2024
Consolidated Fiscal Balance (USD mn) -8,876.703 Dec 2024 monthly Apr 2011 - Dec 2024
Tax Revenue (USD mn) 4,137.663 Dec 2024 monthly Aug 1987 - Dec 2024
Tax Revenue: % of GDP (%) 16.0 Sep 2024 quarterly Dec 1987 - Sep 2024
National Government Debt (USD mn) 962,571.7 Sep 2024 quarterly Mar 1990 - Sep 2024
Government Debt: % of GDP (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Forecast: Government Expenditure (SGD bn) 146.244 2030 yearly 1991 - 2030
Forecast: Government Net Debt (SGD bn) 1,597.757 2030 yearly 1991 - 2030
Forecast: Government Revenue (SGD bn) 169.136 2030 yearly 1991 - 2030
Govt Finance: Cash Surplus / Deficit (SGD mn) -11,987.100 Dec 2024 monthly Apr 2011 - Dec 2024
Govt Revenue: Operating (SGD mn) 6,597.000 Dec 2024 monthly Jan 2003 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 2,854.2 Dec 2024 monthly Jan 1976 - Dec 2024
Total Exports (USD mn) 44,783.5 Dec 2024 monthly Jan 1976 - Dec 2024
Total Exports Growth (%) 13.2 Dec 2024 monthly Jan 1977 - Dec 2024
Aluminum: Exports (USD th) 482,034.010 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,750,013.495 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 9,962,678.423 2023 yearly 1995 - 2023
Total Imports (USD mn) 41,929.3 Dec 2024 monthly Jan 1964 - Dec 2024
Total Imports Growth (%) 22.2 Dec 2024 monthly Jan 1965 - Dec 2024
Imports: Medicament (USD th) 2,018,410.885 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,453,494.459 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 4,067.702 Dec 2024 monthly Jan 1976 - Dec 2024
Total Imports from USA (USD mn) 4,925.826 Dec 2024 monthly Jan 1976 - Dec 2024
Total Exports to China (USD mn) 6,430.424 Dec 2024 monthly Jan 1975 - Dec 2024
Total Imports from China (USD mn) 5,308.047 Dec 2024 monthly Jan 1975 - Dec 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
Exports: Indonesia (SGD mn) 4,356.488 Dec 2024 monthly Jan 2003 - Dec 2024
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) 12,847.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance (USD mn) 25,888.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Current Account Balance: % of GDP (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Foreign Direct Investment (USD mn) 35,607.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment: % of GDP (%) 25.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment (USD mn) 8,296.954 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 6.0 Sep 2024 quarterly Mar 1995 - Sep 2024
External Debt (USD mn) 2,153,029.1 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,370,855.0 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 95.944 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 871,662.536 Sep 2024 quarterly Dec 2013 - Sep 2024
BoP: FA: Others: Liabilities (SGD mn) 3,216.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Net Errors and Omissions (SGD mn) -1,077.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Official Reserves (OR): Net (SGD mn) 17,336.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Goods: Exports (SGD mn) 193,025.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 46,960.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Direct Investment (SGD mn) -30,016.700 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 4,719.900 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: FA: Direct Investment: Assets (SGD mn) 16,943.600 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 65,156.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives (SGD mn) -6,050.000 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Goods: Imports (SGD mn) 140,498.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance (SGD mn) -30,465.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Imports (SGD mn) 110,690.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,942.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: Financial Account (FA): Net (SGD mn) 15,729.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Others: Assets (SGD mn) 22,166.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Goods: Balance (SGD mn) 52,526.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Others (SGD mn) 18,949.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) -1,330.100 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,862.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Current Account (CA) Balance (SGD mn) 34,142.900 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 43,788.900 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: CA: Services: Balance (SGD mn) 13,944.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,622.200 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Exports (SGD mn) 124,634.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Investment (SGD mn) 32,846.600 Sep 2024 quarterly Mar 1986 - Sep 2024
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) 187,451.200 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,409,972.100 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross (SGD mn) 2,762,551.700 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 348,972.000 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 313,756.800 Sep 2024 quarterly Jun 2003 - Sep 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 196,949.200 2022 yearly 1994 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 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 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
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 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) 4,311.000 Dec 2024 monthly Jan 1970 - Dec 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2023 yearly 2005 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 356,418.710 Dec 2024 monthly Mar 2004 - Dec 2024
Money Supply M2 (USD mn) 977,048.919 Dec 2024 monthly Mar 2004 - Dec 2024
M2 Growth (%) 6.7 Dec 2024 monthly Mar 2005 - Dec 2024
Foreign Exchange Reserves (USD mn) 363,294.4 Jan 2025 monthly Apr 2000 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 70.512 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 8.6 Dec 2024 monthly Apr 2000 - Dec 2024
Gold Reserves (USD mn) 5,953.300 Jan 2025 monthly Apr 2000 - Jan 2025
Total Deposits (USD mn) 1,402,681.086 Dec 2024 monthly Jan 1991 - Dec 2024
Total Deposits Growth (%) 3.4 Dec 2024 monthly Jan 1992 - Dec 2024
Domestic Credit (USD mn) 873,539.7 Dec 2024 monthly Mar 2004 - Dec 2024
Domestic Credit Growth (%) 6.3 Dec 2024 monthly Mar 2005 - Dec 2024
Credit to Households (USD bn) 232.095 Jun 2024 quarterly Mar 1991 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 890.663 Jun 2024 quarterly Dec 1963 - Jun 2024
Household Debt (USD mn) 276,219.7 Dec 2024 monthly Mar 2004 - Dec 2024
Total Loans (USD mn) 959,190.748 Dec 2024 monthly Mar 2004 - Dec 2024
Total Loans Growth (%) 4.65 Dec 2024 monthly Mar 2005 - Dec 2024
Private Debt: % of Nominal GDP (%) 127.40 Sep 2024 quarterly Mar 2004 - Sep 2024
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: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - 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) 0.4 Jan 2025 monthly Jan 2000 - Jan 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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