Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production MoM climbed to 5.8% in April 2026
FMPMonthlyReleased May 2026
Singapore Industrial Production MoM climbed to 5.8% in April 2026, released May 2026, up 2.3% from March's 3.5% reading. The print exceeded the 1.5% consensus by 4.3%. Industrial Production MoM has now risen for 3 consecutive months. The reading is in the 79th percentile of the trailing 24-month range.
Latest Release
5.8
Actual
1.5
Consensus
3.5
Previous
Median Absolute Error
±6.06 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -1.48
Actual: 5.8
Error: -7.28
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Industrial Production MoM (Singapore) was reported at 5.8% in May 2026. This beat the market consensus of 1.5% by 4.3%. The reading rose from the previous value of 3.5%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.37%, ranging from -10.2% to 11.5% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 1.3%, up from the prior three at -2.8%. Volatility over the past year (σ 7.53%) is higher than the prior year (σ 4.93%). In May readings over the past 3 years, Industrial Production MoM has averaged 6.07%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 6.06%.
WHAT TO WATCH NEXT
The next release is scheduled for June 26, 2026. 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.
SHARE
Industrial Production MoM - SG
Loading chart data...
About Industrial Production MoM — Singapore
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. 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 5.8 %, consensus 1.5 %. Prior reading (Mar 2026): 4.7 %. Before that (Feb 2026): -7.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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=-0.40) — a useful reference for commodities-focused traders.