Singapore’s GDP Grew by 5.7 Per Cent in the Second Quarter of 2026

14 July 2026. Based on advance estimates, the Singapore economy grew by 5.7 per cent on a year-on-year basis in the second quarter of 2026, easing from the 6.3 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 1.1 per cent, extending the 1.3 per cent growth in the first quarter.

Sectoral Performance in Second Quarter 2026

The manufacturing sector grew robustly by 12.2 per cent year-on-year in the second quarter of 2026, accelerating from the 8.0 per cent expansion in the previous quarter. Growth during the quarter was largely driven by output increases in the electronics and precision engineering clusters on account of strong AI-related demand for semiconductors and semiconductor manufacturing equipment respectively. On the other hand, the chemicals and biomedical manufacturing clusters contracted, with the former due to feedstock disruptions arising from the conflict in the Middle East. On a quarter-on-quarter seasonally-adjusted basis, the manufacturing sector grew by 5.3 per cent, a turnaround from the 2.2 per cent contraction in the first quarter.

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MINISTRY OF TRADE AND INDUSTRY

14 July 2026