SG · Country summary
Singapore
Last updated: 28 Sep 2026
Retrenchments rose to 4,620 in Q2 2026 and the six-month re-entry rate fell to 54.9%, with unemployment at 1.9%; MAS core inflation was 2.2% in August.
Key indicators and definitions
| Indicator | Value | Definition and scope | Basis date | Source | Definition and source |
|---|---|---|---|---|---|
| Retrenchments | 4,620up 790 from 3,830 in Q1 2026 | Total retrenchments in the quarter, rounded to the nearest tenSingapore labour market (MOM) | 30 Jun 2026 | MOM: Labour Market Report 2Q 2026 | Definition and sourceTotal retrenchments in the quarter, rounded to the nearest ten Scope: Singapore labour market (MOM) |
| Six-month re-entry rate of retrenched residents | 54.9%down 5.8 pp from 60.7% in the previous quarter | Share of retrenched residents re-employed within six monthsSingapore labour market (MOM) | 30 Jun 2026 | MOM: Labour Market Report 2Q 2026 | Definition and sourceShare of retrenched residents re-employed within six months Scope: Singapore labour market (MOM) |
| Unemployment rate, overall | 1.9% | Seasonally adjusted unemployment rate, overallSingapore labour market (MOM) | 30 Jun 2026 | MOM: Labour Market Report 2Q 2026 | Definition and sourceSeasonally adjusted unemployment rate, overall Scope: Singapore labour market (MOM) |
| MAS core inflation | 2.2%Excluding accommodation and private transport. | Year-on-year change in MAS core CPISingapore, national | 31 Aug 2026 | MTI: Consumer Price Developments in August 2026 (2026-09-23) | Definition and sourceYear-on-year change in MAS core CPI Scope: Singapore, national Source: MTI: Consumer Price Developments in August 2026 (2026-09-23) |
Time series
| 2024Q3 | 3050 |
|---|---|
| 2024Q4 | 3680 |
| 2025Q1 | 3590 |
| 2025Q2 | 3540 |
| 2025Q3 | 3670 |
| 2025Q4 | 3690 |
| 2026Q1 | 3830 |
| 2026Q2 | 4620 |
Total retrenchments per quarter, rounded to the nearest ten (MOM Retrenchment Summary Table) · Source: MOM: Retrenchment Summary Table
Articles
- Data as of 2026-09-23Macro & households
Singapore core inflation rises to 2.2% in August, seen elevated until mid-2027
MAS core inflation was 2.2% year on year in August (up from 2.0% in July); headline was 2.3% (up from 2.2% in July).
- Data as of 2026-09-22Credit
Vendor survey: 83% in Singapore trust AI loan comparison, 49% accept AI applying
Survey commissioned by Experian and run by Forrester; 482 Singapore respondents out of 6,247 across 13 markets.
- Data as of 2026-09-21Macro & households
Singapore retrenchments rise to 4,620 in Q2 2026; six-month re-entry rate falls to 54.9%
Retrenchments were 4,620 in Q2 2026 (up 790 from 3,830 in Q1 2026), the highest in the last eight quarters.
- Data as of 2026-09-15Regulation
Singapore enforces a three-business-day cooling-off period for licensed moneylender loans
A three-business-day cooling-off period for unsecured non-business loans from licensed moneylenders took effect on 15 September (announced 31 August).
- Data as of 2026-09-11Digital infrastructure
MAS tests cross-bank AI models to detect suspicious accounts; results due by year-end
In a speech on 11 September, the MAS managing director said MAS is testing AI models on cross-bank and public-private data to detect suspicious accounts.
- Data as of 2026-09-01Digital infrastructure
MAS proposes stablecoin rules under the Payment Services Act; comments due 16 October
On 1 September MAS published a consultation paper on amending the Payment Services Act (PSA) to regulate stablecoins.