ICT expands for fourth straight quarter as reading climbs to 52.5

The ICT manufacturing and sales segment led at 53.0 its strongest reading in the quarter.

The information and communications technology (ICT) sector’s reading rose to 52.5 in the third quarter , reversing the slight moderation in second quarter (Q2), according to OCBC’s SME Index report.

The index continued to grow from 51.1 in Q2, 51.4 in the first quarter, and 51.0 in 2025, with collections rising 16.1% and payments increasing 13.4%.

Whilst growth was observed across all segments, the ICT manufacturing and sales segment led the expansion, recording the strongest business activity at 53.0.

Rising digitalisation across the economy, particularly amongst small and medium-sized enterprises (SMEs), continues to support the sector as businesses adopt more digital tools and technologies, the report said.

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