14 October 2025. Based on advance estimates, the Singapore economy grew by 2.9 per cent on a year-on-year basis in the third quarter of 2025, moderating from the 4.5 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 1.3 per cent, slightly slower than the 1.5 per cent growth in the second quarter.

Sectoral Performance in Third Quarter 2025

The manufacturing sector’s growth was flat (i.e., 0.0 per cent) on a year-on-year basis in the third quarter of 2025, slowing from the 5.0 per cent expansion in the previous quarter. Growth was weighed down by output declines in the biomedical manufacturing and general manufacturing clusters, even as output in the other manufacturing clusters expanded. On a quarter-on-quarter seasonally-adjusted basis, the sector grew by 6.1 per cent, a turnaround from the 0.7 per cent contraction in the second quarter.

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MINISTRY OF TRADE AND INDUSTRY
14 October 2025