Singapore’s finance sector lifts business sentiment as index hits 53.4

Business Sentiment Index climbed 1.2 points in Q4 2025, ending a six-month slide.

Singapore’s insurance and banking industry, along with other financial and insurance activities, were amongst the sectors that “performed positively” in the fourth quarter of 2025 (Q4 2025), even as sentiment across the wider economy remained mixed.

According to the Singapore Business Federation’s (SBF) National Business Survey 2025 (Q4 Business Sentiments Edition), overall business sentiment improved, with the Business Sentiment Index rising 1.2 points to 53.4 in Q4 2025, ending a six-month decline. 

Whilst this is not an insurance-only figure, it sets the backdrop for why financial and insurance-related industries were viewed as stabilising alongside the broader economy. 

SBF also reported that growth confidence across businesses rose from 55.4 to 57.7, the highest level recorded in 2025, and noted that insurance and banking were one of the sectors showing the strongest improvement on that measure. 

On policy sentiment, SBF said sector-level views were strongest in IT and insurance and banking, even though overall sentiment towards government policies eased slightly to 55.7.