SMEs in Singapore remain contractionary for fifth consecutive quarter — OCBC

SINGAPORE (April 16): According to the latest small and medium enterprise (SME) index by Oversea-Chinese Banking Corp (OCBC), SMEs have remained contractionary for the fifth consecutive quarter in Singapore. 

The latest quarterly index registered a reading of 49.7 in the first quarter of 2024 (1Q2024), increasing by 0.2 from 4Q2023.