Singapore’s GDP grows 5.7% YoY in Q2 2026

Singapore’s economy expanded by 5.7 per cent year on year (YoY) in the second quarter (Q2) this year. The expansion beyond market expectations was on the back of strong manufacturing growth.The growth was lower than the revised 6.3-per cent recorded in Q1 2026, a release from the country’s Ministry of Trade and Industry said.

Singapore’s economy expanded by 5.7 per cent YoY in Q2 2026.
The expansion beyond market expectations was on the back of strong manufacturing growth.
The growth was lower than the revised 6.3-per cent recorded in Q1 2026.
The goods sector expanded by 10.4 per cent from the 8.4 per cent in the previous quarter, while inflation in the city-state held steady at 1.8 per cent in May.

The goods sector expanded by 10.4 per cent from the 8.4 per cent in the previous quarter, domestic media outlets reported.

In May, the ministry projected GDP growth this year at 2-4 per cent, though downside risks have risen significantly as a result of the US-Israel-Iran conflict.

Inflation in the city-state held steady at 1.8 per cent in May, its joint-highest level since September 2024.

Fibre2Fashion News Desk (DS)