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Singapore non-oil domestic exports seen falling in Feb: Poll

Friday, March 13, 2015 - 18:33

[SINGAPORE] Singapore's non-oil domestic exports probably fell in February from a year earlier, reversing growth seen the previous month, a Reuters poll of economists found, as an uneven global economic recovery continues to hamper the city-state's trade.

The Lunar New Year holidays, which fell in January in 2014, also hurt Singapore's overseas shipments in February.

Non-oil domestic exports (NODX) were expected to have fallen 0.4 per cent from a year earlier, according to the median forecast in the survey of 10 economists, after expanding 4.3 per cent in January.

Compared to the previous month and seasonally adjusted, non-oil domestic exports were seen sliding 0.7 per cent in February, after an increase of 1.6 per cent in January.

sentifi.com

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The trade data will be released on Tuesday, March 17, at 8:30 am (0030 GMT).

Singapore's manufacturing activity contracted for the third straight month in February with the key electronics index shrinking for the first time in more than two years, a survey showed earlier this month.

REUTERS

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