17th consecutive month of private sector growth in Singapore, PMI increases to 57.2 in July.

Singapore's private sector experienced its 17th consecutive month of growth in July, with S&P Global's Singapore PMI increasing to 57.2 from 55.2 in June. The expansion was driven by new business growth and increased purchasing levels. Despite rising input costs, the private sector remains optimistic, with companies planning new product launches and business development efforts to drive sales in the second half of 2024.

August 05, 2024
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