Singapore’s manufacturing production rose 6.8% year-on-year in July 2026, below the 6.9% market forecast and down from 7.5% growth in June, marking the sector’s weakest expansion since February. Electronics output increased 11.2%, down from 21.1% in June and an 11-month low partly because of a higher comparison base. Maybank economists said global artificial-intelligence infrastructure spending and worldwide semiconductor capacity expansion should continue supporting demand for Singapore-made semiconductor equipment. Biomedical manufacturing remained in contraction, while chemicals output also fell; precision engineering, transport engineering and general manufacturing strengthened. On a seasonally adjusted monthly basis, output rose 2.3% after declining 7.2% in June, while production increased 9.8% year-on-year in the first seven months of 2026.