Singapore September Exports Rise 5.9% Y/y, Slower Than Forecasts

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October 16, 2020

SINGAPORE: Singapore’s September non-oil domestic exports (NODX) rose 5.9% from a year earlier, driven mainly by electronics shipments, official data showed on Friday, but were slower than forecasts.

That compared with a 7.7% increase in August, and lower than the 10.8% rise forecast by economists in a Reuters poll.

Exports of electronics jumped 21.4% from a low base a year ago.

On a seasonally adjusted month-on-month basis, exports contracted 11.3% in September after a 10.5% rise in the previous month, Enterprise Singapore said in a statement. The pace of drop was the steepest since March 2019.

Economists had forecast a 3% shrinkage.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Singapore September Exports Rise 5.9% Y/y, Slower Than Forecasts

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