Hiring in 3Q to moderate

Guess the only sector to freeze hiring.

Firms in Singapore are anticipating a healthy forecast in the third quarter following a reversal in business pessimism last quarter.

According to Dun & Bradstreet (D&B) Singapore’s latest Business Optimism Index (BOI) study, 5 of 6 leading business indicators have remained in the expansionary region for the third quarter.
Despite prevailing upbeat sentiments among local firms, 4 of 6 leading business indicators have shown signs of moderation in the latest study.

In terms of employment, the study found that Employment levels are expected to increase with an overall net balance of +12.5% compared to +15.8% in Q2.

The manufacturing and the services industries are likely to experience an increase in hiring at net +25.0% each. The construction sector is also relatively optimistic in hiring prospects with net +22.2%.

The agriculture sector is the only sector likely to decrease its hiring at net optimism -11.1%.