A half-yearly survey by HSBC showed that Singapore’s trade confidence is at its highest level in two years.
The HSBC Trade Confidence Index for the second half of 2013 came in at 115.
This is a jump of ten points from the previous survey, and also exceeds the overall index for Asia which stands at 112.
The increased optimism comes on the back of an improving global outlook.
The survey showed that 50 per cent of exporting firms in Singapore that observed increasing volumes attributed the growth to better global demand.
The survey also showed that 82 per cent of respondents believe that emerging markets in Asia are Singapore’s most promising trade areas over the next six months, compared with 74 per cent six months ago.
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Mingze Wu
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