25 May 2026, 03:51  Singapore: Q1 GDP Growth Revised Higher.

Singapore’s economy expanded 6.0% yoy in Q1 2026, exceeding flash data of 4.6% and accelerating from a 5.0% growth in Q4. It was the fastest yearly advance since Q3 2024, supported by resilient manufacturing activity (7.9% vs 8.7% in Q4) amid gains in electronics, precision engineering, transport engineering and general manufacturing clusters, even as the biomedical manufacturing and chemicals clusters shrank. Meanwhile, construction output (11.8% vs 5.2%), lifted by an increase in both public and private sector construction. Further, the service sector accelerated (5.7% vs 4.3%), driven by solid growth in wholesale trade, retail trade, accommodation, and finance & insurance. On a quarterly basis, the GDP grew 1.0%, reversing advance estimates of a 0.3% contraction while marking the second straight quarter of increase. However, the latest result was far slower than a 5.0% growth in Q4, reflecting the impact of the Middle east war.

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