Singapore’s S&P Global PMI eased to 56.7 in May 2026 from April’s near four-year high of 57.9. Still, the latest result marked the 16th straight month of expansion in private sector activity, with output growth accelerating to a three-month peak. Meanwhile, new orders rose at the second-strongest pace on record despite cooling from April, underscoring resilient demand. Employment fell for a second month on cuts to temporary staff and voluntary exits, even as firms lifted purchasing at a record pace, with some stockpiling ahead of demand. On prices, input cost inflation hit a survey high, driven by supplier price hikes, rising fuel and transport costs, and a record surge in wages. Purchase cost inflation stayed elevated, its third-highest on record, but firms were less aggressive in passing costs on, with output charge inflation easing to a four-month low though still steep. Finally, business sentiment remained positive but softened from April’s elevated level. source: S&P Global

Composite PMI in Singapore decreased to 56.70 points in May from 57.90 points in April of 2026. Composite PMI in Singapore averaged 52.37 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 decreased to 56.70 points in May from 57.90 points in April of 2026. Composite PMI in Singapore is expected to be 51.50 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 51.30 points in 2027 and 52.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 182.00 142.00 Companies Apr 2026
Business Confidence 17.00 11.00 points Mar 2026
Car Registrations 6252.00 6460.00 Units May 2026
Changes in Inventories 1083.50 1957.90 SGD Million Mar 2026
Corruption Index 84.00 84.00 Points Dec 2025
Corruption Rank 3.00 3.00 Dec 2025
Industrial Production YoY 17.60 9.20 percent Apr 2026
Industrial Production MoM 5.80 3.50 percent Apr 2026
Leading Economic Index 116.70 112.50 points Dec 2025
Services Sentiment -4.00 4.00 points Mar 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 Growth Eases from Near 4-Year Peak
Singapore’s S&P Global PMI eased to 56.7 in May 2026 from April’s near four-year high of 57.9. Still, the latest result marked the 16th straight month of expansion in private sector activity, with output growth accelerating to a three-month high. Meanwhile, new orders rose at the second-strongest pace on record despite cooling from April, underscoring resilient demand. Employment fell for a second month on cuts to temporary staff and voluntary exits, even as firms lifted purchasing at a record pace, with some stockpiling ahead of demand. On prices, input cost inflation hit a survey high, driven by supplier price hikes, rising fuel and transport costs, and a record surge in wages. Purchase cost inflation stayed elevated, its third-highest on record, but firms were less aggressive in passing costs on, with output charge inflation easing to a four-month low though still steep. Finally, business sentiment remained positive but softened from April’s elevated level.
2026-06-04
Singapore Private Sector Growth Accelerates
The S&P Global Singapore PMI increased to 57.9 in April 2026 from March’s 56.7, signaling a 15th straight month of private sector expansion and marking the second-strongest growth since July 2022. Both output and new orders rose at faster rates, while purchasing activity increased at its fastest pace since the data series began in 2012, and delivery times shortened. However, employment declined for the first time in 2026 so far amid elevated wage inflation and robust recruitment in recent months, while backlogs of work rose at a faster pace. On prices, input cost inflation is close to March’s record, driven by higher fuel-related costs. As a result, output cost inflation was among the strongest on record, albeit slightly softer than in March, as firms sought to pass on the cost burden to customers. Looking forward, business sentiment was the most upbeat on record, supported by strong new business pipelines and planned marketing activities.
2026-05-06
Singapore Private Sector Growth Slows
The S&P Global Singapore PMI eased to 56.7 in March 2026 from February’s near-record 59.2, but still signaled a 14th straight month of private sector expansion and remained well above its long-run average. Both output and new orders rose at softer rates, while buying activity slowed to a three-month low. Meanwhile, preproduction inventories rose rapidly, with the rate of accumulation accelerated to a pace not seen since data collection began more than 13 years ago. Hiring remained strong but moderated as backlogs accumulated less sharply. On prices, input cost inflation surged to a survey high, prompting firms to raise output charges at a substantial pace—slightly above February’s record—as businesses sought to protect margins by passing costs to customers. Finally, business sentiment held broadly steady and well above average, supported by strong pipelines and expectations of firmer demand ahead.
2026-04-06