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.