Employment outlook for Q4 worsens among firms in Singapore

Singapore

EMPLOYMENT expectations among businesses in Singapore have taken a turn for the worse for the last quarter of this year, while the overall business sentiment remains downbeat.

On Tuesday, the Singapore Commercial Credit Bureau's (SCCB) latest quarterly survey of 200 business owners and senior executives showed the indicator for employment expectations declining to -13.19 percentage points in the fourth quarter, from -3.29 percentage points in the previous quarter. That level of sentiment is also the most negative for 2020.