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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 Oct 17, 2016, 05.41 AM (IST)

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)


 

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