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August 03, 2023
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Singapore PMI Composite 51.3 in Jul-23


- The Singapore PMI Composite for July 2023 decreased to 51.3, the lowest level since February 2023, indicating a potential slowdown in economic activity.
- The reading of 51.3 is 2.8 points lower than the previous month's figure of 54.1 and 2.46 points below the one-year average, highlighting a deviation from the recent economic trend.
August 02, 2023
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Singapore PMI manufacturing 49.8 in Jul-23



- July 2023's Singapore PMI for the manufacturing sector recorded a value of 49.8, indicating a marginal increase compared to the previous month and the highest level since March 2023.
- The manufacturing sector's PMI is just 0.01 above the one-year average, suggesting a level of activity in line with the long-term trend.
August 01, 2023
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Singapore unemployment rate 2.0% in Jul-23


- The unemployment rate in Singapore increased to 2.0% in July 2023, the highest level since September 2022, indicating potential challenges in the labor market.
- Despite the increase, the current rate remains relatively favorable compared to historical averages, standing 0.50 percentage points below the long-run average.
August 01, 2023
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Singapore unemployment rate 1.9% in Jun-23



- Singapore's unemployment rate stood at 1.9% in June 2023, remaining unchanged from the previous period.
- The current unemployment rate is 0.05 percentage points below the one-year average and 0.62 percentage points below the long-run average, indicating a positive trend in employment.

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