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.

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Singapore Private Sector PMI


News Stream
Singapore Private Sector Growth Accelerates
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.
2021-10-05
Singapore Private Sector Growth Slows
The IHS Markit Singapore PMI dropped to 52.1 in August 2021 from a 39-month high of 56.7 in July. Still, this was the ninth straight month of growth in the private sector, amid the further easing of COVID-19 restrictions. Both new orders and output rose for their ninth straight months, though the rates of growth eased from July’s highs. Foreign demand also slowed when compared to overall new orders. Meantime, employment fell marginally after briefly rising in July, though firms had also reported difficulty in hiring staff. At the same time, backlogs of works accumulated for the ninth month in a row, while suppliers’ delivery times lengthened to a greater extent than the series’ average. On prices, input cost continued to rise for the fifteenth month in a row, with firms continuing to pass on these cost burdens to clients. That said, both input cost and output charge inflation eased. Finally, sentiment dipped to a three-month low.
2021-09-03
Singapore Private Sector PMI Highest in Over 3 Years
The IHS Markit Singapore PMI jumped to 56.7 in July 2021 from 50.1 in June. This was the highest reading since May 2018, as the relaxation of Phase 2 restrictions enabled business activity to ramp up to a state of a strong rebound. New orders and output growth both strengthened sharply to rates not seen since June 2018, amid an improvement in foreign demand. Also, employment grew the most since June 2019, although many roles were reported to have been filled by part-time staffers. That said, backlogs continued to build, with growth reaching a survey record pace. Meantime, suppliers’ delivery times lengthened for the 19th month, reflecting shipment delays and manpower shortages. On prices, input cost continued to rise and at the second-fastest rate in nearly a year, leading firms to continue sharing their cost burdens with clients. Going forward, sentiment hit its highest in seven months, on hopes for better economic conditions ahead with vaccinations underway.
2021-08-04
Singapore Private Sector PMI Down to 7-Month Low
The IHS Markit Singapore PMI fell to a seven-month low of 50.1 in June 2021 from 54.4 a month earlier, amid the reimposition of Phase 2 COVID-19 restrictions, with output, new orders, and new export orders all rising at softer paces. At the same time, firms adopted a more cautious attitude with buying activity, reducing their acquisition of inputs; while workforce numbers declined faster; and backlogs accumulated for the seventh month running. Meantime, supplier delivery times lengthened the most since December 2020. On the cost side, supply and demand imbalances persisted with price pressures sustained across purchases and wages, leading to the the13th month in which input prices rose. Meantime, output charged went up the most on record as firms continued to share their cost burdens with customers and as some service providers tried to protect margins. Lastly, sentiment improved but remained at levels below the survey average.
2021-07-05

Singapore Last Unit Reference Previous Highest Lowest
Composite PMI 53.80 points Sep/21 52.10 56.80 27.10


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.