Singapore’s industrial production declined in August 2026, breaking the previous month’s positive momentum and signaling a possible softening in manufacturing activity.
Month-over-month, industrial output fell by 0.5% in August, according to data updated on 28 September 2026. This follows a 2.3% increase recorded in July 2026, highlighting a clear shift from expansion to contraction within just one month.
The comparison is based on month-over-month changes, where August’s reading reflects the change from July, while July’s figure captured the change from June. The reversal suggests that some of the strength seen earlier in the summer has moderated, raising questions about the durability of recent industrial growth in Singapore’s economy.
