The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs. Transport & Logistics continued its expansion at 51.4 for a 6th consecutive quarter as collections rose 33% YoY. The industry continues to be driven by robust growth in Logistics which registered a strong reading of 54.1, lifted by growth in trade and e-commerce as collections rose significantly by 67% YoY.
No matter which sub-sector your business is operating in, we are here to support you to meet customers’ needs from one end of the supply chain to the other.
*OCBC SME Index is centered on a score of 50, which represents zero change in the inputs from a year ago. A reading above 50 indicates improved activity, while a reading below 50 indicates a deterioration relative to the same period a year ago.