Singapore Q3 GDP growth slows to 5.4%

Singapore’s economy grew 5.4% year over year in the third quarter of 2026, slowing from 6.2% in the previous quarter but exceeding analysts’ expectations. Manufacturing growth eased to 7.5%, while construction accelerated to 8.8%; services growth held at 5.2%, supported by wholesale trade and transportation. GDP rose 1.1% from the prior quarter, down from 1.5% in Q2. The government’s 2026 growth forecast was raised to 4.5%–5.5%, and the central bank kept its exchange-rate policy settings unchanged after tightening in April and July, citing efforts to contain inflation pressures.