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Forex News

17.08.202001:32:00UTC+00Singapore Non-Oil Exports Rise 1.2% In July

Non-oil exports in Singapore were up 1.2 percent on month in July, Enterprise Singapore said on Monday - beating forecasts for an increase of 0.4 percent and down from 1.4 percent in June.

On a yearly basis, non-oil exports climbed 6.0 percent - again beating expectations for a gain of 4.3 percent but slowing from 13.9 percent in the previous month.

Growth was mainly driven by non-monetary gold, specialized machinery, pharmaceuticals and electronics, the stat bureau said.

Exports to the top 10 markets grew as a whole in July, although exports to Indonesia, Thailand, Hong Kong, China and the European Union declined.

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