Singapore's August exports rise 2.7% y/y, miss forecast

Reuters2021-09-17

SINGAPORE, Sept 17 (Reuters) - Singapore's August non-oil domestic exports (NODX) expanded 2.7%from a year earlier, official data showed on Friday, the slowest pace since November due to a drop in non-electronics shipments.

The year-on-year export growth was below economists' expectations in a Reuters poll for a 8.3% rise and compared with 12.7% growth in July.

On a seasonally adjusted month-on-month basis, exports fell 3.6% in August, Enterprise Singapore data showed, versus the prior month's 0.9% contraction. Economists had forecast 2.4% growth.

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Comments

  • Allenchang
    2021-09-17
    Allenchang
    Latest
  • ShuJie
    2021-09-17
    ShuJie
    Wow
  • PearlynCSY
    2021-09-17
    PearlynCSY
    Wow, NODX of 2.7% for August really way below economists' expectations for a 8.3% rise and compared with 12.7% growth in July. The Covid cases have escalated to over 800 daily. Keep my fingers crossed. Hope situation will improve before Christmas.
    • PearlynCSY
      This for sharing
    • robot1234
      More hard time esp for the 30% low income group. Hope next year will be better
    • Allenchang
      K
    • skyel
      Will the government lower the growth forecast for the year?
  • Bodoh
    2021-09-17
    Bodoh
    Economists wear rose tinted glasses
  • Al3x
    2021-09-17
    Al3x
    Like
  • Al3x
    2021-09-17
    Al3x
    Like
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