Singapore Private Sector Growth Stays Strong in November

2025-12-03 00:46 By Joshua Ferrer 1 min. read

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.



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