Singapore’s November exports rise 3.4% y/y, stronger than forecast


SINGAPORE (Reuters) – Singapore’s non-oil home exports rose 3.4% in November from the identical month a yr earlier, knowledge on Tuesday confirmed, as shipments of electronics elevated whereas non-electronics declined.

The rise in contrast with a revised fall of 4.7% in October and a Reuters ballot forecast of a 0.7% drop.

On a month-on-month seasonally adjusted foundation, non-oil home exports rose 14.7% in November. 

Non-oil home exports to Taiwan, Hong Kong and Malaysia rose in annual phrases in November, whereas shipments declined to a few of Singapore’s different high markets, together with the USA, China and Japan, Enterprise Singapore mentioned in a press release.

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