UOB Senior Economist Alvin Liew reports that Singapore’s industrial production (IP) fell by 13.3% month-on-month in December 2025, aligning with market expectations. The decline was primarily driven by a significant drop in pharmaceuticals output, which decreased by 85.8%. Despite this, the overall IP showed an 8.3% year-on-year increase, with robust growth in other sectors like electronics and transport engineering.<\/p>\n
December IP performance analysis<\/p>\n
“Singapore\u2019s industrial production (IP) recorded a back-to-back contraction in the last quarter of 2025, posting a -13.3% m\/m sa decline in Dec (Nov revised: – 7.8%), in line with Bloomberg\u2019s median forecast for a sequential pullback.”<\/p>\n
“On a m\/m sa basis, the material drag in pharmaceuticals output for the second consecutive month in Dec was largely responsible for much of the year-end slowdown, coming in at -85.8% after -32.4% in Nov.”<\/p>\n
“That said, the contribution of electronics (on a y\/y basis) remained very positive at 30.8% y\/y in Dec, up from 18.1% in Nov, 26.9% in Oct, and the increase was led by the sub-category of semiconductors thanks to ‘sustained and strong demand for AI-related products’.”<\/p>\n
“As for the remaining major segments of IP, transport engineering continued to provide support to overall manufacturing in Singapore (Dec: 19.9% y\/y, Nov: 24.2% y\/y) thanks to continued growth in both marine & offshore engineering (Dec: 8.5% y\/y, Nov: 21.5%) and aerospace (Dec: 35.9% y\/y, Nov: 33.8%).”<\/p>\n
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/p>\n","protected":false},"excerpt":{"rendered":"UOB Senior Economist Alvin Liew reports that Singapore’s industrial production (IP) fell by 13.3% month-on-month in December 2025,…\n","protected":false},"author":2,"featured_media":260622,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":{"0":"post-260621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-il","11":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/260621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=260621"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/260621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/260622"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=260621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=260621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=260621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}