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.