The S&P Global Singapore Purchasing Manager's Index posted above the 50.0 no-change mark for the tenth straight month in November, according to data released by S&P Global on Wednesday.

The PMI dropped to 55.4 in November from 57.4 in the previous month, with the latest figure registering growth at its softest in three months but still consistent, backed by new work inflows and incoming new orders.

Purchasing and hiring activity was also higher in November, while selling prices declined due to intense cost pressures.

Employment also rose for the third consecutive month, driven by the sharp increase in new orders.