The private sector in Singapore continued to expand in October, and at a faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 57.4.
That's up from 56.4 in September and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Central to October's expansion was higher new work inflows. Incoming new orders rose at the fastest pace in 13 months, driven by business expansion efforts among companies and better underlying demand conditions. As a result of the sharp rise in new work, business activity growth accelerated. Sub sector data showed that the wholesale & retail sale category led the expansion in activity in October.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.