Private sector PMI up to 53.7 in September

Thanks to higher output and new orders.

Things are looking up for the private sector as the Purchasing Managers’ Index (PMI) rose from 53.2 in August to 53.7 in September.

According to Nikkei Singapore PMI, the increase was supported by expansions in output and new orders.

Export sales also grew at a record pace.

Companies increased their workforce for the first time in four months, but backlogs made the boost insufficient to shoulder more workloads.

Greater demand also pressured the supply chain, intensifying cost pressures and price hikes.

Firms were less confident about business activity for the month.

IHS Markit principal economist Bernard Aw said, "Singapore’s private sector economy ended the third quarter with a burst of activity, as stronger demand took hold. The latest PMI survey signalled solid expansions in output and new orders. Notably, export sales increased at a record pace, lifted by increased orders to Asia and Europe."

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia