FOREX TradingCharts.com

Financial News: Singapore Private Sector Picks Up Steam In May

Singapore Private Sector Picks Up Steam In May - S&P Global

06/04/2024 - 20:39:00 (RTTNews)

(RTTNews) - The private sector in Singapore continued to expand in May, and at a faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 54.2.

That's up from 52.6 in April and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Output growth accelerated in its seventeenth successive month of expansion, supported by greater new work inflows. The rate of activity growth was steep, with manufacturing firms reporting the fastest output expansion among the monitored segments.

New business also increased at a more pronounced in May. Anecdotal evidence pointed to improvements in underlying demand conditions and business development efforts driving the rise in new work intakes. The marked rise in new business led to a spillover into backlogged work, which accumulated at the fastest pace in four months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


German Private Sector Expands Modestly In June (11 hr(s), 11 min(s), 11 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

U.S. Leading Economic Index Falls More Than Expected In May (11 hr(s), 51 min(s), 11 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story»

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May (11 hr(s), 54 min(s), 11 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story»

UK Private Sector Grows At Slowest Pace In 7 Months (13 hr(s), 01 min(s), 11 sec(s) ago)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story»

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate (13 hr(s), 42 min(s), 11 sec(s) ago)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story»

German Private Sector Expands Modestly In June (14 hr(s), 36 min(s), 11 sec(s) ago)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story»

German Residential Property Prices Fall For 6th Quarter (14 hr(s), 52 min(s), 11 sec(s) ago)
(RTTNews) - House prices in Germany declined for a sixth consecutive quarter in the first three mo ...Full Story»

Ireland Wholesale Price Inflation Eases To 0.9% (15 hr(s), 17 min(s), 11 sec(s) ago)
(RTTNews) - Ireland's wholesale price inflation moderated in May to the lowest level in seven ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

German Private Sector Expands Modestly In June

06/21/2024 - 11:27 AM (RTTNews)
(RTTNews) - Germany's private sector expanded for the third straight month in June, though the ...Full Story>>

U.S. Leading Economic Index Falls More Than Expected In May

06/21/2024 - 10:47 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Friday showed its reading on leading U.S. ...Full Story>>

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May

06/21/2024 - 10:44 AM (RTTNews)
(RTTNews) - The National Association of Realtors released a report on Friday showing existing home ...Full Story>>

UK Private Sector Grows At Slowest Pace In 7 Months

06/21/2024 - 09:37 AM (RTTNews)
(RTTNews) - The UK private sector growth weakened to a seven-month low in June as the slowdown in ...Full Story>>

UK Public Debt Highest Since 1960s; Budget Deficit Remains Below Estimate

06/21/2024 - 08:56 AM (RTTNews)
(RTTNews) - The UK public sector net debt rose to its highest level since early 1960s, while publi ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.