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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production MoM fell to -0.5% in August 2026
FMPMonthlyReleased September 2026
Singapore Industrial Production MoM fell to -0.5% in August 2026, released September 2026, down 2.8% from July's 2.3% reading. The reading missed the 1.0% consensus by 1.5%. The print is running well below the 12-month average of 0.23%. Over the past 3 months, Industrial Production MoM averaged -2.45%, vs 3.27% in the prior 3-month window. The reading is in the 40th percentile of the trailing 24-month range.
Latest Release
-0.5
Actual
1
Consensus
2.3
Previous
Median Absolute Error
±6.06 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: -1.08
Actual: -0.5
Error: -0.58
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Industrial Production MoM (Singapore) was reported at -0.5% in September 2026. This missed the market consensus of 1% by 1.5%. The reading fell from the previous value of 2.3%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.1%, ranging from -10.2% to 11.5% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -1.8%, down from the prior three at -0.7%. Volatility over the past year (σ 6.73%) is higher than the prior year (σ 5.03%). In September readings over the past 3 years, Industrial Production MoM has averaged -1.17%.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 6.06%.
WHAT TO WATCH NEXT
The next release is scheduled for October 23, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Industrial Production MoM - SG
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About Industrial Production MoM — Singapore
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual -0.5 %, consensus 1 %. Prior reading (Jul 2026): 2.3 %. Before that (Jun 2026): -7.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SG Events
| Friday, October 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | SG | Industrial Production MoM | -0.5 | 2 | -1.80 | Low | |
| 05:00 | SG | Industrial Production YoY | 15.4 | 12.5 | 11.60 | Low | |
| 05:00 | SG | Inflation Rate MoM | 0.6 | 0.3 | 0.30 | Low | |
| 05:00 | SG | Inflation Rate YoY | 2.3 | 2.3 | 2.30 | Low | |
| 05:00 | SG | Core Inflation Rate YoY | 2.2 | 2.3 | 2.30 | Low | |
| Monday, October 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SG | Industrial Production MoM | -0.5 | 2 | -1.80 | Low | |
| 05:00 | SG | Industrial Production YoY | 15.4 | 12.5 | 11.60 | Low | |