Singapore Manufacturing Output Growth at 5-Month Low

2026-08-26 05:16 By Joshua Ferrer 1 min. read

Singapore’s manufacturing production grew by 6.8% year-on-year in July 2026, slightly above market forecasts for a 6.9% gain but easing from a 7.5% rise in June.

The latest reading marked the softest growth since February, largely driven by weaker output growth in electronics (11.2% vs 21.1% in June), particularly in semiconductors (8.0% vs 20.8%) and other electronic modules & components (2.5% vs 5.5%).

Biomedical manufacturing also continued to decline (-5.3% vs -11.4%), while chemicals contracted 10.6% (vs -11.6%), weighed down by the petroleum and petrochemicals segments.

Meanwhile, faster growth was recorded in precision engineering (17.7% vs 14.9%), transport engineering (10.8% vs 7.0%) and general manufacturing industries (4.9% vs -5.4%).

On a seasonally adjusted monthly basis, manufacturing output increased 2.3% in July, reversing a 7.2% decline in June.

Considering the first seven months of the year, manufacturing output increased 9.8% from the same period a year earlier.



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Singapore Manufacturing Output Growth at 5-Month Low
Singapore’s manufacturing production grew by 6.8% year-on-year in July 2026, slightly above market forecasts for a 6.9% gain but easing from a 7.5% rise in June. The latest reading marked the softest growth since February, largely driven by weaker output growth in electronics (11.2% vs 21.1% in June), particularly in semiconductors (8.0% vs 20.8%) and other electronic modules & components (2.5% vs 5.5%). Biomedical manufacturing also continued to decline (-5.3% vs -11.4%), while chemicals contracted 10.6% (vs -11.6%), weighed down by the petroleum and petrochemicals segments. Meanwhile, faster growth was recorded in precision engineering (17.7% vs 14.9%), transport engineering (10.8% vs 7.0%) and general manufacturing industries (4.9% vs -5.4%). On a seasonally adjusted monthly basis, manufacturing output increased 2.3% in July, reversing a 7.2% decline in June. Considering the first seven months of the year, manufacturing output increased 9.8% from the same period a year earlier.
2026-08-26
Singapore Manufacturing Output Hits 4-Month Low
Singapore’s manufacturing production grew by 7.2% year-on-year in June 2026, slowing sharply from an upwardly revised 17.8% increase in the previous month. This marked the weakest annual growth since February, as output growth eased in electronics (21.3% vs 49.2% in May), driven by slower expansion in semiconductors (21.1% vs 53.3%) and infocomms and consumer electronics (32.1% vs 59.2%). Overall manufacturing output was also weighed down by slower growth in precision engineering (14.9% vs 30.5%) and a sharp contraction in general manufacturing industries (-6.8% vs 1.4%). In addition, output continued to decline in chemicals (-11.7% vs -11.4%). On the other hand, transport engineering (4.6% vs -4.9%) rebounded. On a seasonally adjusted monthly basis, manufacturing output fell 7.2%, reversing an upwardly revised 6.9% gain in May. Considering the first half of the year, manufacturing output increased 9.9% from the same period a year earlier.
2026-07-27
Singapore Manufacturing Output Below Forecasts
Singapore's manufacturing production grew by 13% year-on-year in May 2026, slowing from a downwardly revised six-month high of 16.5% in the previous month and missing market expectations of 17%. Output increased at a slower pace in electronics (35.8% vs 40.3% in April), particularly semiconductors (37.0% vs 43.5%) and infocomms & consumer electronics (59.2% vs 76.0%). Overall manufacturing output was also weighed down by a continued decline in biomedical manufacturing (-24.2% vs -16.1%), a contraction in transport engineering (-5.0% vs 10.8%), and a sharp moderation in general manufacturing industries (1.8% vs 17.7%). On the other hand, output fell at a softer pace in chemicals (-11.5% vs -17.6%), while growth in precision engineering accelerated (32.2% vs 16.4%). On a monthly basis, manufacturing production fell 0.7%, reversing an upwardly revised 6.2% increase in April. For the January–May period, manufacturing production rose 10.7%.
2026-06-26