How do Q2 economic figures compare to Q1 for Singapore?

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Singapore's Economy Shows Moderate Growth in Q2 2026 Compared to Q1

Singapore's economy experienced a year-on-year growth of 5.7 per cent in the second quarter of 2026, a slight deceleration from the 6.3 per cent expansion recorded in the first quarter. On a quarter-on-quarter basis, the economy expanded by 1.1 per cent in Q2, following a 1.3 per cent growth in the preceding quarter. These figures, based on advance estimates from the Ministry of Trade and Industry (MTI), indicate a cooling trend in the overall economic expansion.
Manufacturing Sector Remains a Strong Contributor

The manufacturing sector emerged as a key driver of growth, surging by 12.2 per cent year-on-year. This robust performance was primarily fueled by increased demand for electronics and precision engineering products, largely attributed to the needs of the artificial intelligence-related semiconductor industry. Despite the overall strength, specific sub-sectors faced challenges, with chemicals contracting due to feedstock disruptions and biomedical manufacturing also experiencing a shrinkage in output.
Construction Growth Moderates

Construction saw a year-on-year increase of 6.2 per cent in the second quarter. This growth rate is slower compared to the significant 12.9 per cent expansion observed in the first quarter, reflecting a moderation in the pace of development across both public and private sector projects.
Services Industries Show Varied Performance

The services industries presented a mixed picture in Q2. Wholesale and retail trade, along with transportation and storage, recorded a collective growth of 6.3 per cent. The information and communications, finance and insurance, and professional services sectors expanded by 3.9 per cent. Meanwhile, accommodation and food services, real estate, administrative support, and other services collectively grew at a slower pace of 2.7 per cent. Growth within the services sector was underpinned by sustained demand for IT solutions, ongoing developer activity in real estate, and continued strength in health, social services, and education.

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How do Q2 economic figures compare to Q1 for Singapore?

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