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July 05, 2023
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Singapore PMI Composite 54.1 in Jun-23

- Singapore's PMI Composite for June 2023 declined to 54.1, the lowest level since March 2023 and 0.22 points below the one-year average.
- The decrease in the PMI Composite suggests a slowdown in economic growth in Singapore, potentially influenced by challenges in the global supply chain, logistical disruptions, and reduced consumer demand.

July 05, 2023
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Singapore unemployment rate 1.9% in May-23

- The Singapore unemployment rate in May 2023 increased to 1.9%, marking the highest level since December 2022.
- The current unemployment rate is below the one-year average by 0.07 percentage points, but remains significantly below the long-run average by 0.63 percentage points.

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