Singapore’s GDP grows 5.4% in Q3, supported by electronics
Manufacturing sector up by 7.5% year on year in 3 months to September, from 12.9% in Q2
Singapore's economy grew by 5.4% year on year in the third quarter of 2026, according to advance estimates from the Ministry of Energy, Trade and Industry. This was a slight decrease from the 6.2% growth seen in the previous quarter. Although the growth rate was slightly higher than the 5.1% consensus estimate from a Bloomberg poll of private-sector economists, it marked a moderation from the 1.5% quarter-on-quarter increase in the previous two quarters.
Manufacturing output expanded by 7.5% year on year in Q3, which was a significant slowdown from the 12.9% growth in the previous quarter. The electronics, precision engineering, transport engineering, and general manufacturing sectors were the major contributors to this growth, outpacing declines in the chemicals and biomedical manufacturing sectors.
The construction industry also performed well, with a year-on-year increase of 8.8%, outpacing the 6.1% growth in the previous quarter. The core services sector expanded by 5.2% year on year, led by wholesale trade and transportation and storage.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
