ForexAug 11, 2026, 6:02 PM

Singapore GDP Growth Revised Up to 5.9% in Q2, UOB Says

UOB economist Jester Koh notes that Singapore's Q2 GDP was revised higher to 5.9% year-on-year and 1.4% quarter-on-quarter, driven by AI-related manufacturing strength.

USDSGD

Singapore’s economic momentum remains robust, according to UOB economist Jester Koh. The city-state’s second-quarter GDP growth for 2026 was revised upward to 5.9% year-on-year, while quarter-on-quarter expansion reached 1.4%.

The revision was fueled by robust AI-related activity in manufacturing and modern industries. Koh expects growth to run above potential, reflecting strong external demand and domestic resilience.

Source: FXStreet Forex News

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