In June, non-oil domestic exports (NODX) expanded 6.8% over the same month last year, which more than doubled the 3.2% increase recorded in May. In addition, the robust figure overshot market expectations, which had NODX growing a softer 2.0%. According to International Enterprise Singapore (IE), the acceleration was underpinned by non-electronic exports, which expanded 9.4% following on a 2.8% increase in May, amid strong shipments from the pharmaceutical sector. Electronic exports, in contrast, decelerated to a 1.6% growth, down from the 3.9% rise seen in May. A month-on-month comparison corroborates the improvement suggested by the annual figures, as exports expanded a seasonally adjusted 6.7%, which contrasted the 2.0% contraction seen in May.
Singapore Trade Balance
Exports pick up in June
July 17, 2012
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Singapore Trade Balance Chart
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.