{
  "id": 14325041,
  "title": "S’pore GDP grew by 5.4% in third quarter of 2026",
  "url": "https://urgent.news/2026/10/14/spore-gdp-grew-by-5-4-in-third-quarter-of-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T00:00:35.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/economy/spore-gdp-grew-by-5-4-in-third-quarter-of-2026"
  },
  "original_language": "en",
  "account": "Singapore's economy expanded by 5.4% in the third quarter of 2026, a slight slowdown from the 6.2% growth in the previous quarter. The economy's expansion, measured on a seasonally adjusted basis, was 1.1% quarter-on-quarter, down from the 1.5% growth seen in the second quarter. Within the manufacturing sector, output rose by 7.5% year-on-year in the third quarter, a deceleration from the 12.9% growth recorded in the prior quarter. The construction industry saw a 8.8% increase in output year-on-year in the third quarter, a marked improvement from the 6.1% growth in the previous quarter. Both public and private construction projects contributed to this growth. In the services sector, the wholesale and retail trade, along with transportation and storage, expanded by 8% year-on-year, maintaining the 6.9% growth seen in the previous quarter. However, the retail trade sector did not grow in the third quarter. The information and communications, finance and insurance, and professional services sectors together grew by 4.3% year-on-year in the third quarter, a slight slowdown from the 5.1% growth in the previous quarter. All sectors within this group expanded during the quarter. The remaining services sectors, including accommodation and food services, real estate, administrative and support services, and other services, expanded by 2.1% year-on-year in the third quarter, a continuation of the 2.4% growth observed in the preceding quarter. The food and beverage services sector, however, did not experience growth in the third quarter.",
  "summary": "On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 1.1%.",
  "key_points": [
    "Singapore's GDP grew by 5.4% in Q3 2026, a slight slowdown from 6.2% in Q2",
    "Manufacturing output rose by 7.5% year-on-year in Q3 2026, down from 12.9% in Q2",
    "Services sector saw 8% growth in wholesale and retail trade, but no growth in retail trade"
  ],
  "editors_take": "The deceleration in manufacturing and service sector growth suggests a cooling economic momentum despite the robust expansion currently being driven by both public and private construction projects.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}