FX.co ★ Singapore’s Industrial Output Slumps 7.2% in February, Reversing January Gains

Singapore’s industrial production fell sharply in February 2026, dropping 7.2% month-on-month and erasing the previous month’s gains. The decline follows a 2.0% increase in January 2026, highlighting renewed volatility in the city-state’s manufacturing-driven economy.

The latest data, updated on 26 March 2026, show that February’s contraction marks a significant turnaround from the momentum seen at the start of the year. On a month-over-month basis, the current figure compares the change in output in February to January, while the previous reading reflected January’s performance against December.

The steep pullback in February suggests that the recovery in industrial activity remains fragile, leaving investors and policymakers attentive to upcoming data to assess whether this downturn is temporary or the start of a more persistent slowdown in Singapore’s production sector.