Singapore non-oil exports seen contracting in December: poll
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
ExxonMobil, Shell, ST Engineering units among 9 entities designated under Singapore’s Significant Investments Review Act
Daily Debrief: What Happened Today (May 31)
Singapore to invest about S$300 million in quantum tech research and talent
Singapore to add at least 300 MW in data centre capacity, potentially more with green energy
CPF interest rate for Special, MediSave, Retirement accounts at 4.08% for Q3
Singapore’s farming crunch has wider lesson: companies like grants, but prefer customers