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Singapore Q3 GDP Growth Slows to 5.4% After Revised Prior-Quarter High

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Singapore’s GDP grew 5.4% in the third quarter, slowing from a revised four-year high of 6.2% in the previous quarter but beating the 5% forecast as construction growth partly offset a manufacturing decline. Manufacturing accounts for about 20% of Singapore’s GDP. The result followed stronger-than-expected growth in the first two quarters, supported by artificial intelligence-related sectors and exports. Singapore raised its 2026 growth forecast in August to 4.5% to 5.5%, from an earlier range of 2% to 4%. It was the second time the country had upgraded its outlook this year.

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