Singapore's Q3 GDP climbs 5.4% year-on-year, led by electronics output

The Ministry of Energy, Trade and Industry reported that Singapore's gross domestic product increased 5.4% year-on-year in the third quarter of 2026, a modest decline from the 6.2% growth recorded in Q2 but still ahead of the 5.1% forecast by economists. On a seasonally adjusted quarterly basis, GDP rose 1.1%, extending the 1.5% gain from the prior quarter. Manufacturing output rose 7.5% YoY, a sharp deceleration from the 12.9% rise in Q2, with electronics, precision engineering, transport engineering and general manufacturing driving growth, while chemicals and biomedical sectors fell.

Construction output accelerated to an 8.8% YoY increase, and the services sector maintained a 5.2% rise, led by wholesale trade and transportation and storage. Overall, the expansion reflects strong performance in electronics and construction despite weaker manufacturing momentum.