The IHS Markit Singapore PMI rose to 53.8 in September 2021 from 52.1 a month earlier. This was the tenth straight month of growth in private sector activity, despite rising COVID-19 infections and ahead of tightening curbs at the end of September. Demand and output grew at stronger rates than in August, though buying activity and employment levels remained subdued. Suppliers’ delivery times continued to lengthen and to the greatest extent since July 2020, amid shipping difficulties.On inflation, input prices increased for the sixteenth straight month, with the rate of inflation accelerating to the fourth-fastest pace on record. Consequently, firms continued to share these cost burdens with their clients, as charges went up at the fourth-fastest rate on record. Going forward, confidence improved but remained below the long-run survey average. source: Markit Economics
Composite PMI in Singapore averaged 51.08 points from 2013 until 2021, reaching an all time high of 56.80 points in May of 2018 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. Singapore Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Composite PMI in Singapore is expected to be 53.00 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 53.00 points in 2022, according to our econometric models.