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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Industrial Production YoY fell to 7.2% in June 2026
FMPMonthlyReleased July 2026
Singapore Industrial Production YoY fell to 7.2% in June 2026, released July 2026, down 10.6% from May's 17.8% reading. The reading missed the 9.0% consensus by 1.8%. Industrial Production YoY has now declined for 3 consecutive months. Over the past 3 months, Industrial Production YoY averaged 15.3%, vs 8.87% in the prior 3-month window. The reading is in the 43rd percentile of the trailing 24-month range.
Latest Release
7.2
Actual
9
Consensus
17.8
Previous
Median Absolute Error
±6.86 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 9.4
Actual: 7.2
Error: +2.2
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 |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.57 | INDEX | Moves with | → View |
| USD/SGD | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
| Hang Seng | ▲ Direct | +0.37 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production YoY (Singapore) was reported at 7.2% in July 2026. This missed the market consensus of 9% by 1.8%. The reading fell from the previous value of 17.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 10.53%, ranging from -7.8% to 29.1% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 12.6%, up from the prior three at 8.27%. Volatility over the past year (σ 9.64%) is higher than the prior year (σ 5.75%). In July readings over the past 3 years, Industrial Production YoY has averaged 3.77%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with USD/SGD, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 6.86%.
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 YoY - SG
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About Industrial Production YoY — Singapore
DEFINITION
Industrial Production YoY (Year-over-Year) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors over a 12-month period. It provides valuable insights into the health and growth of a country's industrial sector, which is a crucial component of its overall economic performance. This indicator is closely monitored by investors, policymakers, and analysts as it can signal potential shifts in the economy and help inform business and investment decisions. A positive YoY growth in industrial production indicates a strong and expanding industrial sector, while a negative growth may suggest 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 9 %. Prior reading (May 2026): 13 %. Before that (Apr 2026): 17.6 %.
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 Nikkei 225 (Bullish Nikkei 225, r=0.57) — a useful reference for index-focused traders.
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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 |