Singapore July Exports Rise 8.5 Pct Y/Y, Lag Expectations

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 (17/08). (Reuters Photo/Edgar Su)

By : Masayuki Kitano | on 3:00 AM August 18, 2017
Category : International, SE Asia

Singapore. 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 (17/08).

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.

Reuters

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