Singapore July exports rise 8.5 pct year-on-year, lag expectations

18-Aug-2017 Intellasia | Reuters | 6:00 AM Print This Post

Singapore’s non-oil domestic exports (NODX) rose in July from a year ago, helped by strength in electronics shipments and sales of petrochemicals, official data showed on Thursday.

Exports increased 8.5 percent in July from a year earlier, data from trade agency International Enterprise Singapore showed. That was less than the 9.9 increase predicted by the median forecast in a Reuters survey.

In June, exports grew a revised 8.8 percent from a year earlier.

On a seasonally adjusted month-on-month basis, exports fell 2.5 percent after declining a revised 2.2 percent in June. The Reuters poll had predicted a drop of 0.4 percent in July.

Electronics exports, a major driver of shipments in recent months, rose 16.3 percent in July from a year earlier.


Category: Singapore

Print This Post