Singapore’s economic outlook has been revised higher by analysts as industrial production (IP) in March outperformed expectations, driven by a strong rebound in electronics and semiconductor output. Industrial production rose 10.1% year-on-year in March, sharply accelerating from 3.3% in February and well above consensus expectations of around 6%. On a seasonally adjusted basis, output increased 4.7% month-on-month, reversing the previous month’s contraction and pointing to renewed momentum across key manufacturing clusters. According to UOB, the stronger-than-expected outturn lifted first-quarter 2026 manufacturing growth to 7.9% year-on-year, above the 5% implied in the government’s advance GDP estimate. This performance implies a likely upward revision to Singapore’s first-quarter GDP growth to around 5.2% year-on-year, compared with the earlier estimate of 4.6%, assuming services and construction remain broadly unchanged, the report said.   https://sbr.com.sg/in-focus/gdp-outlook-lifted-industrial-production-beats-expectations (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 29 April 2026