The Singapore Institute of Purchasing and Materials Management (SIPMM) has released the January 2026 Purchasing Managers’ Index (PMI), revealing a slight growth of 0.2 from the previous month to 50.5. The index, which measures the economic health of the manufacturing sector, registered the sixth consecutive month of growth in Singapore’s overall manufacturing sector.
The PMI is a crucial indicator for assessing the manufacturing sector’s performance. The improvement was driven by stronger expansion in new orders, new exports, and factory output. The employment index also expanded, while the input purchases index recorded slower growth rate.
SIPMM’s report highlights that the supplier deliveries index reverted to contraction, suggesting longer delivery times. The finished goods index also moved to contraction.
The future business index remained in expansion for the third consecutive month, reflecting sustained optimism.
