Singapore's business confidence rises to 136, well above global average

7-point increase from April level.

According to the latest Regus Business Confidence Index (BCI) survey of more than 20,000 senior executives across 95,000 countries, Singapore’s business confidence has risen from 129 points in April to 136, or now 23 points above the global average of 113.

Singapore continues its positive trend even as business confidence in fast-growing economies continue to fall as focus turns to sustainable growth, Regus adds.

Part of the business confidence spike seems to have stemmed from the relatively solid performance of local firms. Companies reporting revenue and profit growth in Singapore have increased from 58% to 65% and stayed steady growing from 52% to 60%

Commenting on the research, Regus CEO Mark Dixon says: “While mature economies are showing confidence gains as their economic outlook turns positive, the emerging world is slowing the pace of growth as businesses aim to become increasingly efficient to promote productivity. Our research also shows that utilising flexible workspaces can have a significant impact on the bottom line, encouraging sustainable growth."