OCBC SME Index Turns Expansionary in 2Q24 After Five Quarters of Contraction

The OCBC SME Index registered a reading of 50.2 in 2Q24, turning marginally expansionary for the first time since 4Q22, after five consecutive quarters of contraction.

The improvements were broad-based with seven of the 11 industries in the expansion range, of which four industries – resources, transport & logistics, wholesale trade and healthcare – turned…

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