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Singapore exports seen recovering in April, up 5.4 percent: Reuters poll

Reuters  |  KUALA LUMPUR 

(Reuters) - Singapore's were expected to recover in April after a two consecutive months of decline, a poll found on Monday.

were expected to have risen 5.4 percent in April from a year earlier, according to the median forecast in the survey of 10 economists.

The upturn was seen likely to come from exports of the city-state's

"Tech demand is the main of Singapore's export

performance," said in a research note to clients, warning of the "downside risk" from a U.S.-trade dispute affecting Singapore's export outlook.

"is at the whim of global demand," said.

Booming demand has benefited and other trade-dependent Asian economies in the past year, particularly makers of and components such as semiconductors, but growth has started to moderate this year.

On a seasonally adjusted basis, were seen down 0.2 percent from March, the poll found, which would be the third consecutive monthly decline.

In March Singapore's exports fell both year-on-year and month-on-month, by 2.7 percent and 1.8 percent respectively.

(Reporting by Fathin Ungku; Editing by Eric Meijer)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 08:38 IST
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