FOREX TradingCharts.com

Financial News: Singapore Private Sector PMI Hits Record High In

Singapore Private Sector PMI Hits Record High In May - S&P Global

06/02/2022 - 20:41:00 (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 Friday with a record high PMI score of 59.4.

That's up from 56.7 in April, and it moves further above the boom-or-bust line of 50.

Record demand growth, spurred by the easing of COVID-19 restrictions in Singapore, drove an acceleration in the rate of expansion in business activity in May. Sub-sector data indicated that firms in the consumer services sector saw the strongest growth of new orders. Foreign demand likewise rose and at amongst the fastest rates on record.

Higher volumes of new orders also led to an increase in buying levels in May. Anecdotal evidence suggested that private sector firms also increased their purchasing activity for future demand and to build buffer stocks. As a result, inventory levels rose for the first time in ten months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Investor Confidence Hits 26-Month Low (12 hr(s), 13 min(s), 25 sec(s) ago)
(RTTNews) - Eurozone investor confidence weakened notably to a 26-month low in July, raising fears ...Full Story»

Germany Trade Balance Swings To Deficit; Exports Unexpectedly Fall (13 hr(s), 09 min(s), 25 sec(s) ago)
(RTTNews) - Germany's trade balance logged an unexpected deficit in May as trade disruption da ...Full Story»

Spain Unemployment Lowest Since 2008 (14 hr(s), 11 min(s), 25 sec(s) ago)
(RTTNews) - Spain unemployment declined sharply in June to the lowest since October 2008, the labo ...Full Story»

Latvia Industrial Production Grows In May (14 hr(s), 14 min(s), 25 sec(s) ago)
(RTTNews) - Latvia's industrial production advanced in May, primarily driven by robust growth ...Full Story»

Eurocoin Indicator Falls In June (14 hr(s), 38 min(s), 25 sec(s) ago)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in June, ...Full Story»

Swiss Inflation At 29-Year High (14 hr(s), 44 min(s), 25 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation rose to the highest level since 1993, data ...Full Story»

Australia ANZ Job Ads Increase In June (15 hr(s), 06 min(s), 25 sec(s) ago)
(RTTNews) - Australia's job advertisements rose again in June and exceeded the recent pack see ...Full Story»

Eurozone PPI Inflation Eases More Than Forecast (15 hr(s), 09 min(s), 25 sec(s) ago)
(RTTNews) - Eurozone producer price inflation slowed more than expected in May, after reaching a n ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Hits 26-Month Low

07/04/2022 - 08:51 AM (RTTNews)
(RTTNews) - Eurozone investor confidence weakened notably to a 26-month low in July, raising fears ...Full Story>>

Germany Trade Balance Swings To Deficit; Exports Unexpectedly Fall

07/04/2022 - 07:55 AM (RTTNews)
(RTTNews) - Germany's trade balance logged an unexpected deficit in May as trade disruption da ...Full Story>>

Spain Unemployment Lowest Since 2008

07/04/2022 - 06:53 AM (RTTNews)
(RTTNews) - Spain unemployment declined sharply in June to the lowest since October 2008, the labo ...Full Story>>

Latvia Industrial Production Grows In May

07/04/2022 - 06:50 AM (RTTNews)
(RTTNews) - Latvia's industrial production advanced in May, primarily driven by robust growth ...Full Story>>

Eurocoin Indicator Falls In June

07/04/2022 - 06:26 AM (RTTNews)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in June, ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.