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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Gross Domestic Product YoY fell to 5.7% in April 2026
FMPMonthlyReleased July 2026
Singapore Gross Domestic Product YoY fell to 5.7% in April 2026, released July 2026, down 0.6% from March's 6.3% reading. The reading matched the 5.5% consensus. The print is running well above the 12-month average of 4.78%. The reading is in the 73rd percentile of the trailing 24-month range.
Latest Release
5.7
Actual
5.5
Consensus
6.3
Previous
Median Absolute Error
±0.73 percentage points
across last 10 releases
Last Call
Jul 2026
Predicted: 6.2
Actual: 5.7
Error: +0.5
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.51 | CRYPTO | Moves with | → View |
| USD/SGD | ▼ Inverse | −0.32 | FOREX | 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 5.7% in July 2026. This beat the market consensus of 5.5% by 0.2%. The reading fell from the previous value of 6.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 5.11%, ranging from 2.9% to 6.9% across 7 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 6.2%, up from the prior three at 4.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with USD/SGD, negatively correlated (Bearish USD). Over the last 10 releases, the Sigmacast model's median absolute error is 0.73%.
Auto-generated from current model state · Refreshes on each release · Last update July 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 for June came in at 5.700000%, beating the 5.500000% estimate but down from May's 6.000000%. The data indicates a deceleration in growth compared to the previous month, reflecting a cooling trend in the economy. Market participants will watch upcoming releases closely as the central bank maintains its current monetary stance. 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 5.7 %, consensus 5.5 %. Prior reading (Jan 2026): 6 %. Before that (Jan 2026): 4.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 BTC/USD (Bullish BTC, r=0.51) — a useful reference for crypto-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 |