Singapore third-quarter GDP growth softens from four-year high but beats estimates
The GDP print beat expectations of a 5% growth from economists polled by Reuters.
TL;DR
- Singapore's Q3 2026 GDP growth slowed to 5.4%, down from a previous four-year high.
- The GDP figure exceeded economists' expectations of 5% growth.
- Manufacturing sector declined, but construction sector expanded, offsetting the slowdown.
- The annual economic growth forecast for 2026 remains at 4.5% to 5.5%.
- The Monetary Authority of Singapore held its monetary policy steady after two rounds of tightening.
- Inflation is projected to remain high in the near term due to energy and food prices, then ease from mid-2027.
- The MAS anticipates the economy will continue to expand firmly in the immediate quarters ahead before moderating.