FX.co ★ Singapore Manufacturing Output at 3-Month High

Singapore’s manufacturing output rose 10.1% year-on-year in March 2026, accelerating from an upwardly revised 3.3% increase in February and marking the fastest pace of growth since December 2025.

The expansion was driven largely by electronics, where output surged 30% (up from 23.4% in February), supported by robust gains in semiconductors, infocomms, and consumer electronics.

Production also rebounded in several key clusters: precision engineering grew 14% after a 5.5% contraction; transport engineering expanded 2% following a 3.2% decline; and general manufacturing industries rose 7.6% after a 4.9% drop.

Biomedical manufacturing continued to contract, but at a slower pace, with output falling 14.3% compared with a 25.9% decline in February.

By contrast, the chemicals cluster saw a deeper contraction, with output down 16% versus a 4.8% decline in the previous month, weighed down primarily by weaker petroleum and petrochemicals production.

On a seasonally adjusted month-on-month basis, overall manufacturing output increased 4.7% in March, reversing a downwardly revised 1.2% fall in February and recording its strongest monthly gain since October 2025.

For the first quarter of 2026 as a whole, manufacturing output was 7.9% higher than in the same period a year earlier.