FX.co ★ Singapore Manufacturing Output at 6-Month High

Singapore’s manufacturing output surged 17.6% year-on-year in April 2026, up sharply from a downwardly revised 9.2% in March and well above market expectations of 12%. This was the fastest pace of expansion since October 2025, underpinned by a strong rebound in electronics (44.0% vs 29.0% in March), led by semiconductors (42.6% vs 29.4%) and infocommunications and consumer electronics (129.6% vs 72.1%).

Broader factory activity was also buoyed by faster growth in precision engineering (15.1% vs 8.8%), transport engineering (10.1% vs 3.7%), and general manufacturing (16.9% vs 8.1%). In contrast, output in biomedical manufacturing (-16.1% vs -14.0%) and chemicals (-17.6% vs -15.2%) remained in contraction and even deepened further.

On a month-on-month basis, industrial production rose 5.8%—a six-month high—up from a downwardly revised 3.5% in March and exceeding market forecasts of 1.5%. For the January–April period, industrial production was up 10.2% from a year earlier.