Singapore Q2 GDP Grows 5.7%, Slowing From 6.3% in Q1
Updated
Updated · Nikkei Asia · Jul 14
Singapore Q2 GDP Grows 5.7%, Slowing From 6.3% in Q1
3 articles · Updated · Nikkei Asia · Jul 14
Summary
Singapore’s economy expanded 5.7% year on year in April-June, according to preliminary data released Tuesday, easing from the revised 6.3% pace in the first quarter.
Manufacturing drove the second-quarter gain, helping growth top the 5.5% Reuters forecast even as momentum cooled from the previous quarter.
The goods-producing sector grew 10.4%, underscoring how factory activity and the AI-linked electronics upswing are supporting the trade-reliant economy.
Middle East conflict still clouds the outlook, and the Ministry of Trade and Industry has kept its 2026 GDP growth forecast at 2% to 4% while warning of downside risks.