Singapore's PMI fell to 55.5 in October, signaling continued business expansion amid rising costs.

In October, Singapore's S&P Global Purchasing Managers' Index (PMI) recorded 55.5, indicating ongoing business expansion despite a slight decline from September's 56.6. Strong new orders, particularly in wholesale and retail, fueled output growth and increased backlog. Staffing levels rose for the sixth consecutive month. Rising input costs led to faster increases in selling prices, while business confidence remained high, reflecting optimism for improved market conditions ahead.

November 05, 2024
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