empty
 
 

2024.01.0406:27:00UTC+00Singapore Private Sector Growth Remains Strong

Singapore's private sector activity expanded at a solid pace in December, as new business rose at the fastest rate in nineteen months, survey figures from S&P Global showed on Thursday.

The purchasing managers' index dropped slightly to 55.7 in December from 55.8 in November. Nonetheless, A reading above 50.0 indicates expansion in the sector.

The new business received by service providers grew at the sharpest pace since May last year.

Increased output expansion was bolstered by faster new business growth, which further contributed to the backlog in December, the survey said.

Consequently, companies increased their staffing capacity and purchasing activity at the end of the final quarter.

On the price front, input prices rose further in December amid higher costs for raw materials, shipping, and financing. However, selling price inflation eased, reflecting some pressure on margins for private sector firms.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback