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Singapore’s December non-oil exports are up 9.4% on-year, a tad slower than November’s 9.9% rise.
The result is lower than the 10.5% growth forecast in a Dow Jones poll of economists, due to a decline in electronics, computer hardware and pharmaceuticals shipments.
The result is lower than the 10.5% growth forecast in a Dow Jones poll of economists, due to a decline in electronics, computer hardware and pharmaceuticals shipments.
Seasonally-adjusted, exports rose 8.9% after falling 13% on-month in November. The key electronics sector’s exports are down 1.1% in December compared with a 10.8% rise in November.
Still, the data are broadly in line with economist estimates of moderating exports growth after strong recovery earlier in 2010. The data are unlikely to change the Singapore central bank's thinking on monetary policy for now.
