Singapore’s Purchasing Managers’ Index (PMI) increased by 0.3 point in May 2026 from the previous month to 51.0, indicating a faster pace of expansion in the overall manufacturing sector.
This marks the tenth consecutive month of growth and the highest PMI reading since December 2024. The improvement was driven by stronger expansion in new orders, new exports, factory output, input purchases, and employment.
The supplier deliveries index contracted at a faster pace and for the fifth consecutive month, reflecting extended lead times and ongoing supply chain constraints. Meanwhile, imports, input prices, order backlog, and future business recorded stronger growth. The finished goods index posted a slower expansion.
The future business index remained in expansion territory for the seventh consecutive month, reflecting manufacturers’ continued confidence in near-term business prospects.
