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Singapore non-oil exports seen contracting in December: poll

Tuesday, January 13, 2015 - 12:37
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Singapore's non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.

[SINGAPORE] Singapore's non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.

Singapore's non-oil domestic exports (NODX) in December were expected to have fallen 2.3 per cent from a year earlier, according to the median forecast in the survey of 12 economists, after rising 1.6 percent year-on-year in November.

On a month-on-month and seasonally adjusted basis, non-oil domestic exports were seen falling 1.7 per cent, reversing from a 2.9 per cent expansion in November.

The trade data will be released on Friday, Jan. 16 at 8.30 am local time (0030 GMT).

Recent business surveys showed that the global economy ended 2014 in a fragile state, as factories across Europe and Asia struggled to maintain output growth in December.

REUTERS