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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production MoM climbed to 2.3% in July 2026
FMPMonthlyReleased August 2026
Singapore Industrial Production MoM climbed to 2.3% in July 2026, released August 2026, up 9.3% from June's -7.0% reading. The reading missed the 3.0% consensus by 0.7%. The print is running well above the 12-month average of 0.01%. Over the past 3 months, Industrial Production MoM averaged -3.95%, vs 1.1% in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
Latest Release
2.3
Actual
3
Consensus
-7
Previous
Median Absolute Error
±6.06 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.42
Actual: 2.3
Error: -1.88
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Industrial Production MoM (Singapore) was reported at 2.3% in August 2026. This missed the market consensus of 3% by 0.7%. The reading rose from the previous value of -7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -1.12%, ranging from -10.2% to 11.5% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -1.87%, down from the prior three at 1.3%. Volatility over the past year (σ 7.38%) is higher than the prior year (σ 4.43%). In August readings over the past 3 years, Industrial Production MoM has averaged 6.87%.
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 September 25, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Industrial Production MoM - SG
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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 (Jul 2026): actual 2.3 %, consensus 3 %. Prior reading (Jun 2026): -7.2 %. Before that (May 2026): -0.7 %.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
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 | 2.00 | Low | |