8 months ago
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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.
According to panelists, the latest uptick in new work represented results from prior business development efforts and a strengthening of underlying demand conditions. Detailed sector data revealed that the construction and wholesale & retail sectors led growth in output and new orders.
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