FX.co ★ Singapore Industrial Output Rebounds to Over 1-Year High

Singapore's manufacturing production experienced a remarkable increase of 16.1% year-on-year in September 2025, bouncing back from a revised 9% decline the month before and significantly exceeding market predictions of a modest 0.5% rise. This surge represents the most robust growth since August 2024. The resurgence was driven by notable recoveries in electronics, which grew by 13.2%, reversing an 8.5% decline in August, and in biomedical manufacturing, which soared by 45.9% following a 37.4% decrease. Moreover, the decline in general manufacturing industries slowed, recording a decrease of 4.7% compared to a sharper 13.7% fall previously. Conversely, output growth decelerated in the chemicals sector, at 1.2% down from 4.5%, and in transport engineering, which registered a 13.8% rise compared to 18.8% earlier. Precision engineering, however, continued its downward trend, contracting by 5.9% in contrast to a 1.3% decline previously. On a seasonally adjusted monthly basis, industrial activity surged dramatically, reaching a fourteen-year high of 26.4% in September. This was a stark reversal from the upwardly revised 11% drop the prior month and far surpassed expectations of an 8.6% increase.