Economists expect Singapore’s key exports to continue recovery after April’s 9.3% slide eases from March
But some are less optimistic about the recovery, with OCBC noting the risk of falling short of official full-year estimates and UOB downgrading its forecast
Add BT as a preferred source
SINGAPORE’S non-oil domestic exports (NODX) slid 9.3 per cent from the year-ago high base in April, dragged down by a decrease in the non-electronics sector, particularly in volatile products.
This was a gentler contraction than the revised 20.8 per cent tumble charted in March, but slightly worse than the median 8.9 per cent drop forecast by private-sector economists in a Bloomberg poll.
Year on year, non-electronics exports decreased, while electronics exports resumed growth, data from Enterprise Singapore (EnterpriseSG) showed on Friday (May 17).
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
