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. source: Markit Economics

Composite PMI in Singapore averaged 51.34 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 July of 2022.

Composite PMI in Singapore is expected to be 53.00 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 59.40 56.70 points May 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
59.40 56.70 59.40 27.10 2013 - 2022 points Monthly

News Stream
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
Singapore Private Sector PMI Jumps to Near 4-Year High
The S&P Global Singapore PMI climbed to 56.7 in April 2022 from March's 52.9 pointing to the 17th straight month of growth. The latest print was also the sharpest rise in the private sector since May 2018, boosted by easing of COVID-19 curbs as virus cases fell. Demand and output both grew at the fastest paces in 9 months, and overseas demand rose. Also, employment gained the most since February 2018, while buying levels went up after falling in the prior two months. Delivery times continued to lengthen substantially, due to supply chain issues caused y the Ukraine war, while the accumulation of backlogged work continued at a solid rate. On prices, input costs rose further amid rapid wage increases, higher raw material, and shipping costs. As a result, firms continued to share these cost burdens with their clients. Finally, sentiment turned positive following March’s pessimistic outlook, on hopes that demand will continue to grow as the economy recovers.
2022-05-06
Singapore Private Sector Grows for 16th Month
The S&P Global Singapore PMI rose to 52.9 in March 2022 from February's three-month low of 52.5, pointing to the 16th straight month of growth. Demand and output growth remained solid but decelerated, while both employment levels and buying activity declined. At the same time, the accumulation of backlogged work continued and at a solid rate. Longer suppliers’ delivery times were reported, mainly due to the COVID-19 pandemic, Ukraine war and manpower constraint. On inflation, input cost rose at a record pace, largely linked to raw material, fuel and shipping costs. Consequently, private sector firms continued to share these cost burdens with their clients, leading to the fastest increase of selling prices on record. Finally, sentiment turned pessimistic for the first time since August 2020, on geopolitical risks, the pandemic, and higher costs.
2022-04-05