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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production MoM fell to -7.2% in June 2026
FMPMonthlyReleased July 2026
Singapore Industrial Production MoM fell to -7.2% in June 2026, released July 2026, down 14.1% from May's 6.9% reading. The reading missed the 0.4% consensus by 7.6%. Industrial Production MoM has now declined for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged 2.55%, vs 0.93% in the prior 3-month window. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
-7.2
Actual
0.4
Consensus
6.9
Previous
Median Absolute Error
±6.06 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.8
Actual: -7.2
Error: +8
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.34 | COMMODITIES | Moves against | → View |
| USD/SGD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Singapore) was reported at -7.2% in July 2026. This missed the market consensus of 0.4% by 7.6%. The reading fell from the previous value of 6.9%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.47%, ranging from -10.2% to 11.5% across 9 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.7%, up from the prior three at -4.03%. Volatility over the past year (σ 7.9%) is higher than the prior year (σ 4.73%). In July readings over the past 3 years, Industrial Production MoM has averaged -3.67%.
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 August 26, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual -7.2 %, consensus 0.4 %. Prior reading (May 2026): -0.7 %. Before that (Apr 2026): 5.8 %.
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.
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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 |