Singapore: Exports rebound in August
September 17, 2014
In August, non-oil domestic exports (NODX) rose 6.0% over the same month last year, which contrasted the 3.3% decrease recorded in July and overshot the 2.5% increase the markets had expected. In addition, August’s print marked the largest increase in six months,
According to International Enterprise (IE) Singapore, exports of electronic products contracted 6.9% in August, which came in above the 7.9% decrease observed in July. In addition, non-electronic exports rose 12.1%, which contrasted the 1.1% decrease observed in the previous month.
On a month-on-month basis, exports rose a seasonally-adjusted 7.6% in August, which was above the 2.5% increase recorded in July.
Author: Dirina Mançellari, Senior Economist