The Business Times of Singapore launched a quarterly business activity survey in January 1996 to track turning points in Singapore business cycles and to capture the performance of Singapore firms in terms of sales, profits and orders in the past quarter and the firms' perceptions on business prospects for the next six months. Firms included in this survey were drawn from a wide spectrum of business activities. Since the third quarter of 2006, it was jointly conducted with SIM University. It has been renamed BT-SUSS Business Climate Survey from the first quarter of 2017.
The small sample survey has successfully identified the turning points in business cycles. A forecast for GDP growth in the next quarter is also derived from the survey findings. These early signals helped companies to plan operations. For instance, expansion plans could be launched when an imminent upturn is indicated.
The Business Times (2017, May 15). p.1
The Business Times (2017, May 15). p.4