Watchers rosy on Singapore trade outlook despite risk from China's slowdown
Add BT as a preferred source
SINGAPORE export growth cooled below expectations in August, as a decline in non-monetary gold shipments weighed on the trade sector.
But underlying export demand is still strong, said analysts, who held their forecasts despite trade disruption risks from China and the region.
Non-oil domestic exports (NODX) grew by 2.7 per cent year on year in August, according to the latest figures from trade agency Enterprise Singapore (ESG) on Friday. A retreat from the 12.7 per cent gain in July, it missed the median forecast of 8.5 per cent in a Bloomberg poll.
TRENDING NOW
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Why Asean matters more than ever to the UK and Singapore
When every phone becomes a satellite phone, what happens to Asia’s telcos?
