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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.

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.


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