The IHS Markit Singapore PMI fell to a seven-month low of 50.1 in June 2021 from 54.4 a month earlier, amid the reimposition of Phase 2 COVID-19 restrictions, with output, new orders, and new export orders all rising at softer paces. At the same time, firms adopted a more cautious attitude with buying activity, reducing their acquisition of inputs; while workforce numbers declined faster; and backlogs accumulated for the seventh month running. Meantime, supplier delivery times lengthened the most since December 2020. On the cost side, supply and demand imbalances persisted with price pressures sustained across purchases and wages, leading to the the13th month in which input prices rose. Meantime, output charged went up the most on record as firms continued to share their cost burdens with customers and as some service providers tried to protect margins. Lastly, sentiment improved but remained at levels below the survey average. source: Markit Economics
Composite PMI in Singapore averaged 50.97 points from 2013 until 2021, reaching an all time high of 56.80 points in May of 2018 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 2021.
Composite PMI in Singapore is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Singapore to stand at 53.00 in 12 months time. In the long-term, the Singapore Private Sector PMI is projected to trend around 53.00 points in 2022, according to our econometric models.