Singapore’s S&P Global PMI edged up to 59.4 in August 2026 from 59.2 in July, signaling the most notable improvement in business conditions since May 2022. The upturn was driven mainly by a sharp increase in new orders, which offset a moderation in output growth to a 12-month low. Stronger inflows of new work led firms to increase capacity and input requirements. Hiring activity picked up sharply, the strongest recorded since February. Still, firms struggled to keep pace with mounting workloads, as evidenced by a steep rise in backlogged orders. Buying activity expanded further, while supplier lead times lengthened at a less severe pace than in July despite ongoing supply-chain disruptions. On prices, both purchase prices and employment costs continued to rise at elevated rates in August. Lastly, business confidence rose to its highest in four months amid upbeat projections for demand. Manufacturers expressed the strongest optimism, while services firms were the least confident. source: S&P Global

Composite PMI in Singapore increased to 59.40 points in August from 59.20 points in July of 2026. Composite PMI in Singapore averaged 52.49 points from 2013 until 2026, reaching an all time high of 59.40 points in May of 2022 and a record low of 27.10 points in May of 2020. This page provides - Singapore Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in Singapore increased to 59.40 points in August from 59.20 points in July of 2026. Composite PMI in Singapore is expected to be 56.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Private Sector PMI is projected to trend around 51.50 points in 2027 and 54.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 134.00 157.00 Companies Jun 2026
Business Confidence 12.00 17.00 points Jun 2026
Car Registrations 6775.00 6530.00 Units Jul 2026
Changes in Inventories 2061.90 1136.50 SGD Million Jun 2026
Corruption Index 84.00 84.00 Points Dec 2025
Corruption Rank 3.00 3.00 Dec 2025
Industrial Production YoY 6.80 7.50 percent Jul 2026
Industrial Production MoM 2.30 -7.00 percent Jul 2026
Leading Economic Index 116.70 112.50 points Dec 2025
Services Sentiment 13.00 -4.00 points Jun 2026


Singapore Private Sector PMI
The S&P Global Singapore Purchasing Managers’ Index™ (PMI™) is based on data compiled from monthly replies to questionnaires sent to executives in over 400 private sector companies including manufacturing, services, construction and retail. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. An index reading above 50 indicates an overall increase in private sector activity, below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Singapore Private Sector Expands Further
Singapore’s S&P Global PMI edged up to 59.4 in August 2026 from 59.2 in July, signaling the most notable improvement in business conditions since May 2022. The upturn was driven mainly by a sharp increase in new orders, which offset a moderation in output growth to a 12-month low. Stronger inflows of new work led firms to increase capacity and input requirements. Hiring activity picked up sharply, the strongest recorded since February. Still, firms struggled to keep pace with mounting workloads, as evidenced by a steep rise in backlogged orders. Buying activity expanded further, while supplier lead times lengthened at a less severe pace than in July despite ongoing supply-chain disruptions. On prices, both purchase prices and employment costs continued to rise at elevated rates in August. Lastly, business confidence rose to its highest in four months amid upbeat projections for demand. Manufacturers expressed the strongest optimism, while services firms were the least confident.
2026-09-03
Singapore Private Sector Growth Hits 5-Month High
Singapore’s S&P Global PMI climbed to 59.2 in July 2026 from 57.4 in June, marking the strongest expansion since February as output and new orders continued to grow at elevated rates. In response, firms increased workforce levels for a second consecutive month, while purchasing activity rose at the second-fastest pace on record, behind only June's peak. Hiring was partly due to persistent capacity pressures, as reflected in the continued accumulation of backlogs. Meanwhile, average supplier lead times lengthened for the first time since February due to customs-related issues and disruptions to shipping routes and port operations. On the pricing front, input costs rose sharply, driven mainly by higher purchasing and labor costs. However, output price inflation eased to its lowest level since January. Looking ahead, Singaporean firms remained optimistic about their output over the coming year.
2026-08-05
Singapore Private Sector Growth Picks Up in June
Singapore’s S&P Global PMI rose to 57.4 in June 2026 from 56.7 in May, signaling another notable improvement in operating conditions. The expansion was primarily driven by sustained growth in new orders, supported by strong domestic demand, although output growth slowed to a 10-month low. The gap between output and new orders led to a significant increase in backlogs of work, which encouraged firms to expand their workforce, ending a two-month period of job shedding. Companies also increased their purchasing activity, allowing them to build up input inventories, resulting in a similarly sharp rise in pre-production stocks. In addition, vendors continued to keep pace with demand, as reflected in a third consecutive monthly improvement in suppliers’ delivery times. Meanwhile, overall cost inflation reached a new survey high, as stronger wage growth more than offset a slowdown in purchase price inflation. Finally, business confidence for the next 12 months improved noticeably.
2026-07-03