Singapore’s manufacturing output rose 6.8% year-on-year in July 2026, coming in just below market expectations for a 6.9% increase and moderating from the 7.5% expansion recorded in June. This was the slowest pace of growth since February.
The deceleration was largely driven by softer output in the electronics cluster, where growth eased to 11.2% from 21.1% in June. Within electronics, semiconductor production grew 8.0% (down from 20.8%), while output of other electronic modules and components rose 2.5% (down from 5.5%).
Biomedical manufacturing continued to contract, although at a slower pace (-5.3% vs -11.4% in June). The chemicals cluster also shrank, with output down 10.6%, a slight improvement from the 11.6% decline previously, as weakness persisted in the petroleum and petrochemicals segments.
By contrast, several clusters recorded stronger growth. Precision engineering output expanded 17.7%, up from 14.9%; transport engineering grew 10.8%, accelerating from 7.0%; and general manufacturing industries returned to growth with a 4.9% increase, reversing a 5.4% decline in June.
On a seasonally adjusted month-on-month basis, total manufacturing output rose 2.3% in July, rebounding from a 7.2% fall in June. Over the first seven months of 2026, manufacturing output was up 9.8% compared with the same period a year earlier.
