SINGAPORE, June 4 (Xinhua) -- The S&P Global Singapore Purchasing Managers' Index (PMI), a composite single-figure indicator of business performance, fell to 56.7 in May from 57.9 in April, financial information and analytics firm S&P Global said on Thursday.
The reading, which returned to the level seen in March, marked the joint-weakest improvement in business conditions so far this year, although growth remained solid overall, the firm said in a statement.
"The Singaporean economy experienced another month of improvement midway through the second quarter of 2026," said Eleanor Dennison, economist at S&P Global Market Intelligence.
According to her, business conditions improved at a slower pace than in April, largely reflecting softer demand.
She said firms continued to procure inputs to support output requirements and build inventories, although stronger input demand contributed to already elevated inflationary pressures.
She added that robust demand in recent months had enabled firms to pass on a healthy proportion of higher costs to customers.
"But, May data saw the gap between the two price indices widen, a sign that firms could be experiencing some margin loss," she added. ■
