FX.co ★ Singapore Q2 GDP Growth Revised Slightly Higher

In the second quarter of 2025, Singapore's economy experienced a growth of 4.4% year-on-year, an increase from a revised growth rate of 4.1% in the first quarter, marking the slowest growth in three quarters. This latest figure slightly surpassed the preliminary estimate of 4.3%. Growth in the manufacturing sector accelerated to 5.2%, up from 4.7% in Q1, with improvements across all clusters except chemicals and general manufacturing. Additionally, the services sector gained momentum, growing by 4.3% compared to 3.8% in the previous quarter, with notable increases in wholesale and retail trade, information and communications, as well as accommodation and food services. Construction output also rose at a more robust 6.0% from 4.9%, bolstered by expansions in both public and private sector projects. On a quarterly basis, GDP grew by 1.4%, recovering from a 0.5% decline in Q1.