Singapore key exports disappoint after 2.7% rise in September misses expectations

SINGAPORE’S key exports continued its upward climb in September as both electronics and non-electronics shipments rose, but the rise was at a slower pace than what analysts were expecting.

Non-oil domestic exports (NODX) grew 2.7 per cent year on year in September, extending the 10.7 per cent jump in the previous month, data from Enterprise Singapore (EnterpriseSG) showed on Thursday (Oct 17).

This missed private-sector economists’ expectation of a 9.1 per cent expansion, as indicated in a poll by Bloomberg.