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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Gross Domestic Product YoY fell to 5.9% in April 2026
FMPMonthlyReleased August 2026
Singapore Gross Domestic Product YoY fell to 5.9% in April 2026, released August 2026, down 0.4% from March's 6.3% reading. The reading matched the 5.7% consensus. The print is running well above the 12-month average of 4.84%. The reading is in the 82nd percentile of the trailing 24-month range.
Latest Release
5.9
Actual
5.7
Consensus
6.3
Previous
Median Absolute Error
±0.7 percentage points
across last 11 releases
Last Call
Aug 2026
Predicted: 6.1
Actual: 5.9
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.60 | INDEX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.45 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product YoY (Singapore) was reported at 5.9% in August 2026. This beat the market consensus of 5.7% by 0.2%. The reading fell from the previous value of 6.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 5.33%, ranging from 2.9% to 6.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 5.87%, up from the prior three at 5.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with Hang Seng, positively correlated (Bullish Hang Seng). Over the last 11 releases, the Sigmacast model's median absolute error is 0.7%.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Gross Domestic Product YoY - SG
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About Gross Domestic Product YoY — Singapore
DEFINITION
Singapore's Gross Domestic Product YoY rose to 5.900000% in August, beating the 5.700000% estimate and up from July's 5.700000%. This marks a moderate acceleration following July's slowdown from June's 6.000000%, indicating sustained economic expansion. Market focus remains on upcoming policy signals amid steady growth momentum. Updated 8/11/26
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 5.9 %, consensus 5.7 %. Prior reading (Apr 2026): 5.7 %. Before that (Jan 2026): 6 %.
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 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 Nikkei 225 (Bullish Nikkei 225, r=0.60) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - SG Events
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | SG | Balance of Trade | 10.724 | 11 | 10.29 | Low | |
| 00:30 | SG | Non-Oil Exports YoY | 24.2 | 35 | 39.20 | Low | |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 1.95 | Low | |