empty

2024.01.0406:27:00UTC+00Singapore Private Sector Growth Remains Strong

Singapore's private sector activity expanded at a solid pace in December, as new business rose at the fastest rate in nineteen months, survey figures from S&P Global showed on Thursday.

The purchasing managers' index dropped slightly to 55.7 in December from 55.8 in November. Nonetheless, A reading above 50.0 indicates expansion in the sector.

The new business received by service providers grew at the sharpest pace since May last year.

Increased output expansion was bolstered by faster new business growth, which further contributed to the backlog in December, the survey said.

Consequently, companies increased their staffing capacity and purchasing activity at the end of the final quarter.

On the price front, input prices rose further in December amid higher costs for raw materials, shipping, and financing. However, selling price inflation eased, reflecting some pressure on margins for private sector firms.

  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.