Singapore: September exports fall 4.8 per cent
In August, overseas sales stalled with shipments to the United States picking up and exports to China falling less than the previous month. Photograph: (Getty)
Singapore’s exports in September fell lesser than estimated after a decline in shipments to China moderated and sales to Europe rebounded even as the outlook for the trade-dependent economy remained grim on sluggish global demand.
Non-oil domestic exports last month slipped to 4.8 per cent from a year earlier, trade agency International Enterprise Singapore (IE Singapore) said in a statement on Monday, Reuters reported.
The median forecast in a Reuters poll showed a six per cent contraction.
In August, overseas sales stalled with shipments to the US picking up and exports to China falling less than the previous month.
On a month-on-month basis, non-oil domestic exports increased 2.4 per cent.
In September, IE Singapore said, beating a forecast 1.5 percent expansion in the survey.
(WION with inputs from Reuters)