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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production MoM fell to -3.9% in September 2026
FMPMonthlyReleased October 2026
Singapore Industrial Production MoM fell to -3.9% in September 2026, released October 2026, down 2.9% from August's -1.0% reading. The reading missed the 2.0% consensus by 5.9%. Industrial Production MoM has now declined for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged 0.9%, vs -0.7% in the prior 3-month window. The reading is in the 26th percentile of the trailing 24-month range.
Latest Release
-3.9
Actual
2
Consensus
-1
Previous
Median Absolute Error
±6.06 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 1.45
Actual: -3.9
Error: +5.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Industrial Production MoM (Singapore) was reported at -3.9% in October 2026. This missed the market consensus of 2% by 5.9%. The reading fell from the previous value of -1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -0.48%, ranging from -10.2% to 11.5% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.7%, unchanged from the prior three. Volatility over the past year (σ 6.49%) is higher than the prior year (σ 5.27%).
THE MODEL'S TAKE
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 November 26, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Sep 2026): actual -3.9 %, consensus 2 %. Prior reading (Aug 2026): -0.5 %. Before that (Jul 2026): 2.3 %.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SG Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 978.8 | 966.4 | 909.5 | 944.15 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 1.9 | 2 | 2.00 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SG | Business Confidence | 12 | 14 | 14.00 | Low | |
| 13:00 | SG | S&P Global Manufacturing PMI | 51.7 | 51.8 | 51.80 | Low | |