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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore GDP Growth Rate QoQ fell to 1.1% in Q2 2026
FMPQuarterlyReleased July 2026
Singapore GDP Growth Rate QoQ fell to 1.1% in Q2 2026, released July 2026, down 0.2% from March's 1.3% reading. The reading matched the 1.1% consensus. GDP Growth Rate QoQ has now risen for 3 consecutive months. The reading is in the 44th percentile of the trailing 24-month range.
Latest Release
1.1
Actual
1.1
Consensus
1.3
Previous
Median Absolute Error
±0.54 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 1.55
Actual: 1.1
Error: +0.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.86 | COMMODITIES | Moves against | → View |
| USD/SGD | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ (Singapore) was reported at 1.1% in July 2026. This matched the market consensus of 1.1% exactly. The reading fell from the previous value of 1.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.6%, ranging from 1% to 2.4% across 7 releases. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 1.4%, down from the prior three at 1.87%. Volatility over the past year (σ 0.5%) is lower than the prior year (σ 1.28%). In July readings over the past 3 years, GDP Growth Rate QoQ has averaged 0.97%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/SGD, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.54%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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GDP Growth Rate QoQ - SG
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About GDP Growth Rate QoQ — Singapore
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight into the overall health and growth of the economy, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive GDP Growth Rate QoQ indicates a growing economy, while a negative rate suggests a decline. This indicator is an important tool for assessing the current state and predicting future trends of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.1 %, consensus 1.1 %. Prior reading (Jan 2026): 1 %. Before that (Jan 2026): -0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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 headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.86) — a useful reference for commodities-focused traders.
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Economic Calendar - SG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 931.4 | 917.7 | 884.1 | 907.75 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.1 | 2.05 | Low |
| 05:00 | SG | Business Confidence | 12 | 17 | 5 | 8.50 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | SG | SIPMM Manufacturing PMI | 51.3 | 51.5 | 51.50 | Low | |