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.

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Singapore Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.10 54.40 56.80 27.10 2013 - 2021 points Monthly


News Stream
Singapore Private Sector PMI Down to 7-Month Low
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.
2021-07-05
Singapore Private Sector Grows for 6th Month
The IHS Markit Singapore PMI went up to a three-month high of 54.4 in May 2021 from 51.8 in the previous month. This was the sixth straight month of increase in the private sector, the longest stretch of expansion in nearly three years, despite the reimposition of Phase 2 COVID-19 restrictions. Both output and new orders grow at faster rates; while export sales went up following a marginal fall in April, amid stronger demand from top trading partners such as the US. Also, buying activity went up after a brief dip in April. Meanwhile, job shedding continued, albeit at a marginally softer rate, while backlogs of works accumulated at the steepest rate since June 2018 with some respondents highlighting the disruption from the new restrictions causing further delays. Regarding inflation, input prices rose the most since June 2018 and firms continued to pass higher cost burdens to clients. Looking ahead, sentiment slipped to a nine-month low.
2021-06-03
Singapore Private Sector PMI Drops to 4-Month Low
The IHS Markit Singapore PMI fell to a four-month low of 51.8 in April 2021 from 53.5 a month earlier, amid uncertainty surrounding the longer-term impact of COVID-19. Still, this marked the fifth straight month of increase in factory activity and was the longest stretch of expansion for over 1-1/2 years. Output and new order growth remained strong, although demand for exports contracted for the first time since January, with firms’ demand for inputs also falling. Meanwhile, employment fell at a solid rate while pressure on operating capacity grew due to supplier shortages. Prices data showed firms registered a further rise in inflationary pressures, with overall input price inflation quickening to the fastest since September 2020. Companies also continued to try to pass on higher costs to customers. Finally, sentiment remained strongly positive on the back of vaccine distribution and the continued recovery from the COVID-19 crisis helped to lift the outlook.
2021-05-05
Singapore Private Sector Growth Remains Robust
The IHS Markit Singapore PMI fell to 53.5 in March 2021 from a 32-month high of 54.9 a month earlier, amid uncertainty surrounding the longer-term impact of COVID-19, with new order growth easing from February's 2-1/2-year high. Output rose for the fourth month in a row, new orders expanded the most since May 2018, and employment grew at the fastest pace in 21 months. Backlogs have accumulated for the fourth straight month, with the latest result marked and among the sharpest in the series history. Firms raised their buying levels, while inventories fell to signal a renewed drop in stocked inputs. Lead times lengthened, extending the period of deteriorating vendor performance to the 15th month in a row. Prices data showed input price inflation softened but remained elevated amid higher freight cost and wage expenses. Consequently, selling prices rose but the rate of output price inflation was marginal. Finally, sentiment eased but stayed positive.
2021-04-06

Singapore Private Sector PMI
The IHS Markit 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.