In August, non-oil domestic exports (NODX) increased 5.1% over the same month last year to reach USD 16.6 billion. The reading contrasted both the previous month's 2.8% contraction as well as market expectations, which had NODX contracting 6.5%. The most important driver behind the monthly increase was exports of non-electronic products (+20.0% year-on-year), in particular ships and boats, which more than offset a contraction in electronic products (-19.0% yoy). A month-on-month comparison corroborates the improvement suggested by the annual figures, as exports expanded a strong 8.3% in seasonally adjusted terms, which contrasted the 2.3% contraction recorded in July.
Singapore Trade Balance
Exports unexpectedly rebounded in August
September 16, 2011
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Singapore Economic News
October 24, 2016
In September, consumer prices stayed flat compared to the previous month, following the 0.5% increase recorded in August.
October 17, 2016
In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result.
October 14, 2016
According to advanced estimates released by the Ministry of Trade and Industry on 14 October, GDP declined a sharp 4.1% in Q3 from the previous quarter at a seasonally adjusted annualized rate (SAAR), down from Q2’s revised 0.2% rise (previously reported: +0.3% quarter-on-quarter).
October 14, 2016
At its second scheduled semi-annual meeting of 2016, which took place on 14 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.8 in August to a 15-month high of 50.1 in September.