The S&P Global Singapore PMI was up to 58.0 in July 2022 from 57.5 in June, the 20th straight month of growth. The latest print was also the 2nd highest on record, amid sustained COVID-19 recovery. Output growth was among the highest on record, new orders rose at the second-fastest rate since the survey began, and export sales accelerated amid strong demand from key overseas markets. Also, firms rose their buying activity and at the fastest rate in the current positive sequence. Despite this, employment fell for the 2nd straight month, with backlogged work accumulating for a 20th straight month. Meantime, delivery times extended the current sequence of lengthening to 31 months. On prices, input cost inflation was among the highest on record amid soaring costs of freight and raw materials. In turn, selling price inflation was the 2nd-highest in the survey history. Lastly, confidence slipped significantly from June due to concerns about rising living costs. source: Markit Economics

Composite PMI in Singapore averaged 51.46 points from 2013 until 2022, 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. Singapore Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Composite PMI in Singapore is expected to be 50.00 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 53.00 points in 2023, according to our econometric models.

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Singapore Private Sector PMI



Related Last Previous Unit Reference
Composite PMI 58.00 57.50 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
58.00 57.50 59.40 27.10 2013 - 2022 points Monthly

News Stream
Singapore Private Sector Growth Quickens
The S&P Global Singapore PMI was up to 58.0 in July 2022 from 57.5 in June, pointing to the 20th straight month of growth. The latest print was also the 2nd highest on record, amid sustained COVID-19 recovery. Output growth was among the highest on record, new orders rose at the second-fastest rate since the survey began, and export sales accelerated amid strong demand from key overseas markets. Also, firms rose their buying activity and at the fastest rate in the current positive sequence. Despite this, employment fell for the 2nd straight month, with backlogged work accumulating for a 20th straight month. Meantime, delivery times extended the current sequence of lengthening to 31 months. On prices, input cost inflation was among the highest on record amid soaring costs of freight and raw materials. In turn, selling price inflation was the 2nd-highest in the survey history. Lastly, confidence slipped significantly from June due to concerns about rising living costs.
2022-08-03
Singapore Private Sector Growth Stays Robust
The S&P Global Singapore PMI declined to 57.5 in June of 2022 from May's record high of 59.4. Still, the latest print was the 19th straight month of growth, supported by improvements in COVID-19 conditions. Output grew for 19th straight month, while new orders rose at the second-fastest rate on record, and demand from foreign client rose sharply. Also, buying activity and inventories gained for a third and second month running, each. Meantime, employment saw a new downturn; while levels of outstanding work continued to grow, extending the current sequence of backlog accumulation to 19 months. Longer delivery times continued, due to supply chain issues and shipping delays. On the price front, input prices climbed due to rises in prices of raw materials, energy, and higher staff expenditures; while output costs rose further. Finally, sentiment strengthened to an 11-month high, amid expectations for continued improvements in demand conditions and further increases in order book volumes.
2022-07-05
Singapore Private Sector PMI Hits Record High
The S&P Global Singapore PMI climbed to a record peak of 59.4 in May of 2022 from 56.7 in the prior month, boosted by further easing of COVID-19 curbs. The latest print also pointed to the 18th straight month of rise in private sector activity, amid record demand growth, a further increase in employment, and an acceleration in buying levels with inventory levels growing for the first time in ten months. Meantime, backlogged work continued to build and at a faster pace on the back of higher demand and capacity issues. Delivery times continued to lengthen, linked to shipping delays, labor shortages, and lingering pandemic disruptions. Turning to prices, input cost inflation soaring to the second sharpest on record, on higher item buying prices and wage inflation. In turn, output prices went up as firms continued to share their cost burdens with clients. Finally, sentiment stayed positive for the second straight month though the level of confidence fell below the series average.
2022-06-03