The IHS Markit Singapore PMI fell to a four-month low of 51.8 in April 2021 from 53.5 a month earlier, amid uncertainty surrounding the longer-term impact of COVID-19. Still, this marked the fifth straight month of increase in factory activity and was the longest stretch of expansion for over 1-1/2 years. Output and new order growth remained strong, although demand for exports contracted for the first time since January, with firms’ demand for inputs also falling. Meanwhile, employment fell at a solid rate while pressure on operating capacity grew due to supplier shortages. Prices data showed firms registered a further rise in inflationary pressures, with overall input price inflation quickening to the fastest since September 2020. Companies also continued to try to pass on higher costs to customers. Finally, sentiment remained strongly positive on the back of vaccine distribution and the continued recovery from the COVID-19 crisis helped to lift the outlook. source: Markit Economics

Composite PMI in Singapore averaged 50.94 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 May of 2021.

Composite PMI in Singapore is expected to be 55.00 points 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 55.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
51.80 53.50 56.80 27.10 2013 - 2021 points Monthly


News Stream
Singapore Private Sector PMI Drops to 4-Month Low
The IHS Markit Singapore PMI fell to a four-month low of 51.8 in April 2021 from 53.5 a month earlier, amid uncertainty surrounding the longer-term impact of COVID-19. Still, this marked the fifth straight month of increase in factory activity and was the longest stretch of expansion for over 1-1/2 years. Output and new order growth remained strong, although demand for exports contracted for the first time since January, with firms’ demand for inputs also falling. Meanwhile, employment fell at a solid rate while pressure on operating capacity grew due to supplier shortages. Prices data showed firms registered a further rise in inflationary pressures, with overall input price inflation quickening to the fastest since September 2020. Companies also continued to try to pass on higher costs to customers. Finally, sentiment remained strongly positive on the back of vaccine distribution and the continued recovery from the COVID-19 crisis helped to lift the outlook.
2021-05-05
Singapore Private Sector Growth Remains Robust
The IHS Markit Singapore PMI fell to 53.5 in March 2021 from a 32-month high of 54.9 a month earlier, amid uncertainty surrounding the longer-term impact of COVID-19, with new order growth easing from February's 2-1/2-year high. Output rose for the fourth month in a row, new orders expanded the most since May 2018, and employment grew at the fastest pace in 21 months. Backlogs have accumulated for the fourth straight month, with the latest result marked and among the sharpest in the series history. Firms raised their buying levels, while inventories fell to signal a renewed drop in stocked inputs. Lead times lengthened, extending the period of deteriorating vendor performance to the 15th month in a row. Prices data showed input price inflation softened but remained elevated amid higher freight cost and wage expenses. Consequently, selling prices rose but the rate of output price inflation was marginal. Finally, sentiment eased but stayed positive.
2021-04-06
Singapore Private Sector PMI Rises to 32-Month High
The IHS Markit Singapore PMI increased to a 32-month high of 54.9 in February 2021 from 52.9 a month earlier, amid an easing in COVID-19 related restrictions. Output expanded to the fastest pace since June 2018, and new orders grew faster, with a renewed expansion in exports was recorded mid-way through the first quarter, albeit only marginal overall. Also, buying activity increased to the strongest since May 2013. At the same time, employment increased for first time in 18 months, with backlogs accumulating to the greatest extent since June 2018. On the cost side, input price inflation accelerated to the fastest in five months, due to a rise in both labour and purchases costs. As a result, output prices rose. Finally, confidence improved, due to a combination of positive vaccine news and the complete easing restrictions supported optimism during the month.
2021-03-03
Singapore Private Sector PMI Hits 21-Month High
The IHS Markit Singapore PMI increased to a 21-month high of 52.9 in January 2021 from 50.5 a month earlier, amid an easing in COVID-19 related restrictions. Output grew the most since April 2019,and new exports rose for the second month running with the rate of growth the strongest since June 2018. Also, buying activity went up the most since June 2014, with firms adding to their stocks of inputs for the first time in 11 months. Supply chain pressures continued to mount due to tighter restrictions in overseas markets. Lead times have now lengthened in each month since January 2020. On the cost side, input price inflation slowed, amid a reduction in selling prices due to persistent promotional activity. Finally, confidence eased but remained relatively strong.
2021-02-03

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.