Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Singapore exports rise 3.1% year-on-year in September, missing forecasts

Published 10/16/2022, 11:34 PM
Updated 10/16/2022, 11:35 PM
© Reuters. FILE PHOTO: A ship docks at Keppel terminal in Singapore November 17, 2020.  REUTERS/Edgar Su

© Reuters. FILE PHOTO: A ship docks at Keppel terminal in Singapore November 17, 2020. REUTERS/Edgar Su

SINGAPORE (Reuters) - Singapore's September non-oil domestic exports (NODX) grew 3.1% year-on-year, official data showed on Monday, slower than the previous month and missing forecasts due to declines in shipments for the Chinese and Hong Kong markets.

Economists had expected 7.1% growth in a Reuters poll. Exports had grown 11.4% in August.

On a seasonally adjusted month-on-month basis, NODX fell 4%, Enterprise Singapore data showed, versus the prior month's 3.9% decline. Economists had forecast a 2.1% decline.

© Reuters. FILE PHOTO: A ship docks at Keppel terminal in Singapore November 17, 2020.  REUTERS/Edgar Su

Electronic NODX fell 10.6% on year in September, with integrated circuits, disk media products and personal computer parts declining by 12.0%, 42.7% and 22.3% respectively.

Non-electronic NODX grew 7.6%, with pharmaceuticals, measuring instruments and non-monetary gold contributing the most to the growth.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.