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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Gross Domestic Product QoQ fell to 1.1% in Q2 2026
FMPMonthlyReleased July 2026
Singapore Gross Domestic Product 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. Gross Domestic Product QoQ has now risen for 3 consecutive months. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
1.1
Actual
1.1
Consensus
1.3
Previous
Median Absolute Error
±0.8 percentage points
across last 10 releases
Last Call
Jul 2026
Predicted: 2.25
Actual: 1.1
Error: +1.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Gross Domestic Product 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.
WHY IT MATTERS
The trailing three releases averaged 1.4%, down from the prior three at 1.87%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). Over the last 10 releases, the Sigmacast model's median absolute error is 0.8%.
Auto-generated from current model state · Refreshes on each release · Last update July 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 surged to 4.600000% in Q2 2026, well above the 1.100000% estimate and up from 3.900000% in Q1 2026. This sharp acceleration signals robust economic expansion following a moderate first quarter. Market focus will remain on upcoming policy moves as growth outpaces expectations. Updated 7/14/26
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 (Apr 2026): actual 4.6 %, consensus 1.1 %. Prior reading (Jan 2026): 1 %. Before that (Jan 2026): -1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher 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 tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.65) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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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 |