The IHS Markit Singapore PMI increased to a 21-month high of 52.9 in January 2021 from 50.5 a month earlier, amid an easing in COVID-19 related restrictions. Output grew the most since April 2019,and new exports rose for the second month running with the rate of growth the strongest since June 2018. Also, buying activity went up the most since June 2014, with firms adding to their stocks of inputs for the first time in 11 months. Supply chain pressures continued to mount due to tighter restrictions in overseas markets. Lead times have now lengthened in each month since January 2020. On the cost side, input price inflation slowed, amid a reduction in selling prices due to persistent promotional activity. Finally, confidence eased but remained relatively strong. source: Markit Economics
Composite PMI in Singapore averaged 50.86 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 February of 2021.
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. 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.