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%.