The IHS Markit Singapore PMI fell to 48.7 in August 2019 from 51.0 in July, signalling the sharpest rate of contraction in seven years, amid global economic uncertainty and sluggish demand. New orders declined at the fastest rate since April 2016, while export demand eased for the second time in four months amid lower sales to clients in Europe, China and Hong Kong. At the same time, employment growth slowed for a second successive month, while purchasing activity and inventories were reduced. On a positive note, input cost inflation slowed to a slight pace in August amid a fall in labour expenses, while output charges were lifted for a sixth successive month, albeit only modestly. Lastly, business optimism was among the weakest seen over the past two-and-a-half years. Composite Pmi in Singapore is reported by Markit Economics.

Composite Pmi in Singapore is expected to be 51.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Singapore to stand at 50.50 in 12 months time. In the long-term, the Singapore Private Sector PMI is projected to trend around 53.10 in 2020, according to our econometric models.

Singapore Private Sector PMI
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Singapore Business Last Previous Highest Lowest Unit
Business Confidence -11.00 1.00 54.00 -57.00 Index Points [+]
Manufacturing PMI 49.90 49.80 53.10 48.30 [+]
Industrial Production -0.40 -8.10 58.60 -32.20 percent [+]
Industrial Production Mom 3.60 -0.30 29.68 -21.75 percent [+]
Changes in Inventories 2462.80 2176.00 5885.80 -5379.50 SGD Million [+]
Bankruptcies 172.00 140.00 507.00 78.00 Companies [+]
Car Registrations 8135.00 10553.00 16204.00 2659.00 [+]
Leading Economic Index 108.10 109.30 109.90 23.70 Index Points [+]
Internet Speed 20345.58 20174.80 20345.58 2170.47 KBps [+]
IP Addresses 1595352.00 1509471.00 1685917.00 433610.00 IP [+]
Services Sentiment 2.00 4.00 37.00 -53.00 [+]
Competitiveness Index 83.48 82.97 83.48 5.44 Points [+]
Competitiveness Rank 2.00 2.00 8.00 2.00 [+]
Composite Pmi 48.70 51.00 56.80 48.70 [+]
Ease of Doing Business 2.00 2.00 3.00 1.00 [+]
Corruption Index 85.00 84.00 94.00 84.00 Points [+]
Corruption Rank 3.00 6.00 9.00 1.00 [+]


Singapore Private Sector PMI

The IHS Markit 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 page provides - Singapore Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Private Sector PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.70 51.00 56.80 48.70 2013 - 2019 Monthly




Country Last Previous
Australia 49.30 Aug/19
Brazil 51.90 Aug/19
China 51.60 Aug/19
Euro Area 51.90 Aug/19
France 52.90 Aug/19
Germany 51.70 Aug/19
India 52.60 Aug/19
Italy 50.30 Aug/19
Japan 51.90 Aug/19
Russia 51.50 Aug/19
Singapore 48.70 Aug/19
South Africa 49.70 Aug/19
United Kingdom 50.20 Aug/19
United States 50.70 Aug/19


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