Singapore Q3 GDP 2025 Beats Forecast at 2.9% as Services Stay Resilient

Singapore Q3 GDP 2025 rose 2.9% year on year, outpacing economists’ forecasts of 2%, according to advance estimates from the Ministry of Trade and Industry. On a seasonally adjusted basis, GDP increased 1.3% quarter-on-quarter. Growth slowed as goods-producing industries expanded just 0.6% versus 4.8% in Q2, with manufacturing flat year on year but rebounding 6.1% from the previous quarter. Construction growth moderated to 3.1%, while services remained the main driver, rising 3.5% year on year. Information and communications, finance, and professional services led the gains with 4.4% growth, offsetting slower trade and transport. The data signal a steady yet uneven recovery as Singapore heads into year-end.