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.