US EditionSingapore's Economy Grew 4.3% in the Second Quarter of 2025: MTI Advance Estimates
SINGAPORE, JUL 14 – Manufacturing grew 5.5% and services expanded 4.1%, supported by public-sector construction and trade activity during a US tariff pause, Ministry of Trade and Industry data showed.
- According to advance estimates released by MTI on July 14, 2025, Singapore's economy expanded by 4.3% compared to the same period last year and grew 1.4% from the previous quarter during April to June 2025.
- This growth came after a 0.5% quarter-on-quarter decline in the first quarter and was partially influenced by businesses accelerating activities in anticipation of the end of the US reciprocal tariff pause, as well as increasing tariff threats beginning August 1.
- The manufacturing sector saw a 5.5% increase compared to the same period last year, marking an improvement from the 4.4% growth recorded in the prior quarter. Meanwhile, the construction sector grew by 4.9%, supported by higher public sector construction output. Other areas such as wholesale, retail, and professional services also experienced positive growth during the quarter.
- MTI indicated that the global economy faces considerable uncertainty and potential challenges in the latter half of 2025, largely due to unclear US tariff policies. Singapore’s re-exporting industry, which makes up about two-thirds of the country’s total trade, is particularly vulnerable to these developments.
- In response, Singapore's economic task force announced plans to launch grants for affected companies by October to help them navigate these challenges amid an official 2025 GDP growth forecast ranging between 0% and 2%.
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Total News Sources11
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
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- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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