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.

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Singapore Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.90 50.50 56.80 27.10 2013 - 2021 points Monthly


News Stream
Singapore Private Sector PMI Hits 21-Month High
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.
2021-02-03
Singapore Private Sector Expands for 1st Time in 11 Months
The IHS Markit Singapore PMI jumped to 50.5 in December 2020 from 46.7 in the prior month. This marked the first growth in the private sector activity since January, amid easing coronavirus-related restrictions and the start of vaccine distribution. Output rebounded from a solid contraction in November, new orders increased for the first time since January on the back of a rise in e-commerce sales and promotional drive, and export sales grew the most since November 2018. Meantime, buying levels stabilized, ending nine months of fall, while job shedding persisted and at a marked rate. Supply chain pressures mounted, with input delivery times lengthening the most since August. Elsewhere, input price inflation intensified with a solid uptick reported in transportation costs. However, selling prices fell, amid efforts to prompt higher sales. Looking ahead, sentiment strengthened to the highest since the series began in August 2012.
2021-01-06
Singapore Private Sector Shrinks at Faster Pace
The IHS Markit Singapore PMI dropped to 46.7 in November 2020 from a nine-month high of 48.6 a month earlier, amid a renewed fall in output on the back of temporary business closure due to the ongoing COVID-19 crisis, with new business falling at a faster rate. Job losses also intensified, while firms continued to scale back on purchasing activity and inventories. The survey showed a convergence in price trends. While overall input prices were up for a sixth straight month, the rate of increase was the weakest in the current sequence and modest. Firms continued to reduce their selling prices in hopes of boosting sales, but the rate of decrease slowed further. Finally, confidence slipped.
2020-12-03
Singapore Private Sector PMI Rises to 9-Month High
The IHS Markit Singapore PMI increased to 48.6 in October 2020 from 45.1 in September, pointing to the highest reading since January, amid the gradual reopening of the economy. Output returned to growth, rising at the fastest rate for nearly 1-1/2 years. Meanwhile, new orders fell the least in the current nine-month sequence of decline, amid a further drop in export sales. At the same time, employment continued to shrink at a marked pace. Also, input buying fell for the eighth month running, which contributed to a further depletion of input inventories. As for prices, overall input costs were up for a fifth straight month, lifted by greater purchase prices and higher wage costs. Output charges dropped for a ninth consecutive month, amid efforts to boost sales and competitiveness. Finally, sentiment remained positive, linked to hopes of improving market conditions as Singapore moved towards Phase 3 of reopening, as well as government initiatives.
2020-11-04

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.