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Singapore's 3Q GDP growth slows to 2.9% with construction and manufacturing sectors easing

The Edge Singapore
The Edge Singapore  • 1 min read
Singapore's 3Q GDP growth slows to 2.9% with construction and manufacturing sectors easing
The services sector, which includes financial and insurance, was the best performer. Photo: Samuel Isaac Chua/The Edge Singapore
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Singapore's economic growth moderated in the third quarter, according to advanced estimates by the Ministry of Trade and Industry.

From a y-o-y growth of 4.5% in 2Q2025, the pace eased to 2.9% in 3Q2025, taking into account just data from July and August.

On a q-o-q seasonally-adjusted basis, the economy expanded by 1.3%, slightly slower than the 1.5% growth in 2Q2025.

The construction industry, surprisingly, eased as well, slowing to 3.1% in 3Q2025 from 6.2% y-o-y in the preceding 2Q2025, with support from both public and private sector projects. On a q-o-q seasonally-adjusted basis, the sector shrank by 1.2%, a reversal from the 6.5% growth in the second quarter.

Manufacturing, meanwhile, slowed from 5% in 2Q2025 to flat in 3Q2025, no thanks to lower declines in the biomedical manufacturing and general manufacturing clusters, even as output in the other manufacturing clusters expanded.

The sector with the fastest growth pace was in the broad service category that includes information & communications, finance & insurance and professional services, with growth of 4.4%, a slight pick up from 4.3% in the preceding 2Q2025.

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