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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Gross Domestic Product QoQ fell to 1.0% in Q1 2026
FMPMonthlyReleased May 2026
Singapore Gross Domestic Product QoQ fell to 1.0% in Q1 2026, released May 2026, down 0.3% from December's 1.3% reading. The print exceeded the -1.3% consensus by 2.3%. The print is running well below the 12-month average of 1.31%. Over the past 3 months, Gross Domestic Product QoQ averaged 0.4%, vs 1.9% in the prior 3-month window.
Latest Release
1
Actual
-1.3
Consensus
1.3
Previous
Median Absolute Error
±0.6 percentage points
across last 9 releases
Last Call
May 2026
Predicted: -1.2
Actual: 1
Error: -2.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.36 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Singapore) was reported at 1% in May 2026. This beat the market consensus of -1.3% by 2.3%. The reading fell from the previous value of 1.3%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.24%, ranging from 1% to 5.6% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 1.67%, down from the prior three at 1.7%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). Over the last 9 releases, the Sigmacast model's median absolute error is 0.6%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Gross Domestic Product QoQ - SG
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About Gross Domestic Product QoQ — Singapore
DEFINITION
Singapore's Gross Domestic Product QoQ rose 1.000000% in Q1 2026, beating the -1.300000% estimate. This marks a slowdown from Q4 2025's 1.300000% growth but signals continued expansion. Market focus shifts to upcoming inflation data and central bank policy amid steady economic momentum. Updated 5/25/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. 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 (Jan 2026): actual 1 %, consensus -1.3 %. Prior reading (Jan 2026): -1.3 %. Before that (Oct 2025): 2.1 %.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.