The S&P Global Singapore PMI climbed to 56.8 in January 2026 from December’s four-month low of 54.1. The latest reading signaled the 12th consecutive month of growth in private sector activity and the fastest expansion since October, driven by a sharp increase in new orders. New business rose the most in 16 months, supported by stronger demand, new product launches, and promotional events. In response to rising new orders, firms increased their staff at the fastest pace in three months. Meanwhile, purchasing activity rose for a fifth straight month. On prices, input cost and output charge inflation both increased above their respective long-run averages. Finally, business sentiment moderated. However, the confidence remained among the highest seen in the past year. source: S&P Global

Composite PMI in Singapore increased to 56.80 points in January from 54.10 points in December of 2025. Composite PMI in Singapore averaged 52.22 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 increased to 56.80 points in January from 54.10 points in December of 2025. 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. 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 116.00 112.00 Companies Dec 2025
Business Confidence 11.00 8.00 points Dec 2025
Car Registrations 6200.00 8513.00 Units Jan 2026
Changes in Inventories 1108.50 -1600.10 SGD Million Sep 2025
Corruption Index 84.00 84.00 Points Dec 2025
Corruption Rank 3.00 3.00 Dec 2025
Industrial Production YoY 8.30 18.20 percent Dec 2025
Industrial Production MoM -13.30 -7.80 percent Dec 2025
Leading Economic Index 116.70 112.50 points Dec 2025
Services Sentiment 4.00 10.00 points Dec 2025


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 Hits 3-Month High
The S&P Global Singapore PMI climbed to 56.8 in January 2026 from December’s four-month low of 54.1. The latest reading signaled the 12th consecutive month of growth in private sector activity and the fastest expansion since October, driven by a sharp increase in new orders. New business rose the most in 16 months, supported by stronger demand, new product launches, and promotional events. In response to rising new orders, firms increased their staff at the fastest pace in three months. Meanwhile, purchasing activity rose for a fifth straight month. On prices, input cost and output charge inflation both increased above their respective long-run averages. Finally, business sentiment moderated. However, the confidence remained among the highest seen in the past year.
2026-02-04
Singapore Private Sector PMI Drops to 4-Month Low
The S&P Global Singapore PMI slipped to 54.1 in December 2025 from 55.4 in the previous month, marking the lowest reading since August. Still, the latest result signaled the 11th straight month of growth in private sector activity, staying above the long-run trend. Both Output and new orders softened but remained firm, while employment fell fractionally for the first time since August, largely due to resignations. Purchasing activity strengthened, driving a solid build-up of inventories as supply chains stabilized after four months of delays. Simultaneously, margin pressures eased: output prices increased after November’s dip, and input cost inflation moderated. Supply chain efficiency improved, further supporting stock accumulation. Lastly, confidence rose above the series average, buoyed by expectations of stronger output in 2026 on growth plans and new product launches.
2026-01-06
Singapore Private Sector Growth Stays Strong in November
The S&P Global Singapore PMI eased to 55.4 in November 2025 from 57.4 in October, but marked the tenth consecutive month of private sector expansion. Despite the softer headline reading, overall business conditions continued to improve, with output rising at the fastest pace since October 2022 on strong new work inflows, supported by project launches and effective marketing. Purchasing activity also increased, though inventories fell amid shipment delays. Additionally, employment rose for a third month, while backlogs built at the quickest rate in over three years. On prices, input costs climbed at the sharpest pace since January due to higher purchase prices, wages, and shipping expenses. Despite this, firms cut selling prices to support demand. Finally, business sentiment stayed positive but eased to a three-month low, with companies expecting internal expansion and better market conditions to underpin growth.
2025-12-03