The private sector in Singapore continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 52.7.
That's up from 51.0 in June and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Business activity expanded at the quickest pace in eight months, driven by a faster rise in new orders going into the second half of 2025. The rates of expansion for both new orders and output were sharp and above their respective series averages.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.