Singapore’s September exports rise 2.7% y/y, less than forecast
9:17 pm Wednesday, October 16th, 2024
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports rose 2.7% in September from the same month a year earlier, data on Thursday showed, supported by growth in electronic and non-electronic products.
The rise compared with a Reuters poll forecast of a 9.3% increase, and the 10.7% growth seen in August.
On a month-on-month seasonally adjusted basis, non-oil domestic exports rose 1.1% in September, following a 4.7% contraction in August. Analysts had expected a 4.9% rise.
Enterprise Singapore said shipments of electronic products rose 4% in September from a year earlier, while non-electronic products were up 2.3%.
Among major export markets, shipments to the European Union, Indonesia and South Korea rose strongly, while there were declines in sales to the United States, Japan and Hong Kong.
(Reporting by Xinghui Kok and John Mair; Editing by Christian Schmollinger)
