Home THE DAILY EDGE Business Singapore Sept exports +22.7% on-year; above expected
Singapore Sept exports +22.7% on-year; above expected
Written by The Edge   
Monday, 18 October 2010 13:10
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Singapore September non-oil domestic exports growth slows to 22.7% on year, vs August’s downwardly-revised +30.8%, signaling export-dependant island nation’s economy likely starting to be hurt by slowdown among U.S., E.U. buyers, says Dow Jones. 

Easing exports reinforce market’s view of weaker 2H economic expansion in trade-dependant Singapore. However, result above +18.1% median forecast from Dow Jones poll of 7 economists. On month, exports down 4.5%, seasonally adjusted, vs +9.8% August; down 8.0% tipped by poll. 
 
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Last Updated on Monday, 18 October 2010 13:12