Singapore's private-sector activity expanded at a slower pace in October, with the headline S&P Global Singapore Purchasing Managers' Index (PMI) easing to 56.7 from 58.1 in the previous month, according to data released Wednesday.
The reading, which fell short of Trading Economics' forecast of 58.5, marked a five-month low. The index remained above the 50-point threshold separating expansion from contraction for the 21st consecutive month.
Output growth slowed to its weakest pace since February 2025, largely due to operational constraints, even as new orders increased at a faster pace than in September.
Companies increased hiring and purchasing activity to meet growing demand, with the latter expanding at a record pace.
Business confidence rose to its third-highest level on record, while input cost and selling price inflation eased from September.
