Business confidence in Singapore has risen for the fifth consecutive quarter, reaching a two-year peak in Q4 of 2024, according to the latest Singapore Commercial Credit Bureau (SCCB) report. The Business Optimism Index edged up to +5.06 percentage points, slightly higher than +4.94 in Q3 and notably above the +4.35 points from Q4 2023. Key economic indicators such as sales volume, net profit, and inventory levels showed improvement, although employment levels dipped slightly. The financial, construction, and transportation sectors displayed robust optimism, contrasting with a modest recovery in manufacturing. SCCB CEO Audrey Chia remains positive about the future, despite acknowledging potential global economic and geopolitical risks.