Summary
This document is a Market Pulse report for Singapore covering the fourth quarter of 2025. It tracks shifts in business activity across various sectors, firm stages, and market structures. The report indicates that while overall hiring remains subdued, there is a notable reallocation of activity toward higher-value, service-intensive industries. Younger firms are increasingly contributing to hiring, capturing about 15% of total hiring by the end of December 2025. The report also details economic reallocation, highlighting persistent net inflows into Financial Services and Education, while sectors like Retail and Wholesale face sustained net outflows. The stability in hiring distribution by firm size suggests no significant consolidation toward large firms. Key takeaways emphasize the importance of targeting industries with sustained momentum and adapting to the growing influence of younger firms in the market. The methodology section outlines how hiring shares and industry-level net talent flows were calculated, providing clarity on the data used in the analysis.
