Singapore Q2 GDP Growth Beats Estimates

2025-07-14 00:07 By Farida Husna 1 min. read

Singapore’s economy expanded 4.3% yoy in Q2 2025, following an upwardly revised 4.1% increase in Q1 and surpassing market forecasts of 3.5%, flash estimates showed.

The manufacturing sector quickened (5.5% vs 4.4% in Q1), driven by gains across all clusters, except for chemicals and general manufacturing.

Also, services activity rose at a stronger rate (4.1% vs 3.7%), amid widespread growth within the sector, notably wholesale and retail trade, information & communications, and accommodation & food services.

Construction output went up further (4.9% vs 5.1%), mainly led by an increase in public sector output.

Quarterly, GDP grew 1.4%, rebounding from a marginally revised 0.5% fall in Q1 and marking the fastest growth rate in three quarters.

It was also above consensus of a 0.7% rise.

For H1 of the year, GDP growth averaged 4.2% yoy.

Looking ahead, mounting uncertainty and downside risks persist for the global economy in H2, largely due to ambiguity surrounding U.S.

tariff policies.



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