Financial News: Singapore Private Sector PMI Eases To 53.9 In

Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

12/03/2024 - 19:46:00 (RTTNews)

(RTTNews) - The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 53.9.

That's down from 55.5 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Promotional efforts and rising client interests led to a twenty-third successive monthly expansion in new business. Despite softening to a 16-month low, the rate at which new business rose remained solid. This contributed to a strong rise in private sector output midway through the final quarter of the year.

Detailed sector data revealed that the consumer services sector experienced the sharpest increases in both activity and new sales. Consequent of the solid uptick in new business inflows, backlogs accumulated.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

ECB's Lagarde Says Eurozone Outlook Uncertain Amid Downside Risks (54 min(s), 24 sec(s) ago)
(RTTNews) - Euro area medium term economic outlook is uncertain, and growth is set to remain weak ...Full Story»

U.S. Crude Oil Inventories Tumble Much More Than Expected (02 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. fell by much more than expected in the week ended No ...Full Story»

U.S. Factory Orders Rise In Line With Estimates In October (03 hr(s), 10 min(s), 24 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a modest increase by ne ...Full Story»

U.S. Service Sector Growth Slows More Than Expected In November (03 hr(s), 29 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Wednesday showed U.S. serv ...Full Story»

U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November (04 hr(s), 01 min(s), 24 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employme ...Full Story»

Brazil Services Growth Eases In November (04 hr(s), 19 min(s), 24 sec(s) ago)
(RTTNews) - Brazil's service sector continued to expand in November, though the pace of growth ...Full Story»

Austrian Economy Remains In Recession (05 hr(s), 19 min(s), 24 sec(s) ago)
(RTTNews) - Austria's economy continued to contract in the third quarter, and more than initi ...Full Story»

U.S. Private Sector Employment Climbs Slightly Less Than Expected November (05 hr(s), 26 min(s), 24 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employme ...Full Story»