Singapore exports set to slow further in Q4, may even contract: economists
THE outlook for Singapore’s key exports turned a shade gloomier on Monday (Oct 17), with fresh data from Enterprise Singapore (EnterpriseSG) revealing further drag from China’s slowdown alongside the global electronics downturn.
Non-oil domestic exports (NODX) in September grew just 3.1 per cent year on year, easing from an expansion of 11.4 per cent in the previous month, according to EnterpriseSG.
This was lower than the 6.9 per cent growth that private-sector economists had pencilled in, based on a Bloomberg poll.
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