In April, non-oil domestic exports (NODX) increased 8.3% over the same month last year. The strong reading contrasted the 4.3% decline observed in March and beat market expectations that had exports adding 5.9%. According to International Enterprise Singapore (IE), the recovery was entirely driven by a rebound in non-electronic exports, which expanded 12% (March: -7.8% year-on-year) underpinned by higher exports of pharmaceuticals, specialized machinery and petrochemicals. In contrast, electronic exports grew only 1.0%, which was down from the 2.8% expansion recorded in March. A month-on-month comparison corroborates the vigorous rebound suggested by the annual figures, as exports jumped a seasonally adjusted 13.1% in April, which contrasted a 16.8% contraction in March.
Singapore Trade Balance
Non-oil domestic exports rebound in April
May 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.