SINGAPORE, April 5 (Xinhua) -- The seasonally adjusted S&P Global Singapore Purchasing Managers' Index (PMI) posted 55.7 in March, marking the Singaporean private business condition's continued improving for 12 straight months, according to the latest data from the S&P Global.

Demand conditions further improved in March with incoming new orders for goods and services rising for a 15th straight month and at the fastest pace since last May, S&P noted in its report.

Purchasing activity also expanded following the rise in new business activity, leading to a second successive month of input stock accumulation.

The inflation rates across purchase prices and staff costs fell in March. However, the rates of input cost and output price inflation remained above average.

Sentiment in Singaporean private sectors remained positive last month as firms were generally optimistic that business activity will rise in the year ahead.

Meanwhile, the confidence slipped to an eight-month low as some firms were concerned about elevated prices, the report noted.

A PMI reading of 50 and above indicates expansion, while a reading below 50 indicates contraction. Enditem

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