Friday 12 Apr 2024
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SINGAPORE (Oct 15): Singapore's non-oil exports in September likely increased from a year earlier at a slower pace than in August due to a global economic slowdown, a Reuters poll showed on Wednesday.
    
Overseas shipments in September are estimated to have risen 2.6 percent from a year earlier, according to a survey of 15 economists. That compares to a 6.0 percent growth in August and a 3.3 percent decrease in July.
    
On a month-on-month and seasonally adjusted basis, exports in September were forecast to have fallen 4.0 percent, the first such contraction since May. In August, overseas shipments grew a seasonally adjusted 7.6 percent from the previous month.
    
Singapore's manufacturing activity expanded in September, while factory sector across much of Asia tumbled, denting hopes for a pickup in the global growth this year.
 


                                             m/m           y/y
                                   (seasonally adjusted)
     ANZ                                    -3.5           2.6
     Bank of America Merrill Lynch                         1.6
     Bank of Tokyo-Mitsubishi UFJ            1.8           4.2
     Barclays                                              3.4
     CIMB                                   -4.5           1.5
     Citigroup                              -4.9           2.7
     DBS                                                   3.7
     HSBC                                                  1.7
     ING Financial                          -4.0           2.0
     Moody's Analytics                                     4.0
     Oversea-Chinese Banking Corp           -0.9           2.4
     Royal Bank of Scotland                                2.4
     Scotiabank                                            3.2
     Standard Chartered                                    5.2
     United Overseas Bank                   -7.0          -1.0
     Median                                 -4.0           2.6

 

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