SINGAPORE (Reuters) - Singapore's on-year non-oil domestic exports (NODX) growth slowed sharply in August as sales of pharmaceuticals came off the sizzling pace of the month before, official data showed on Monday.
Exports rose 5.0 percent in August year-on-year, data from the trade agency International Enterprise Singapore showed, slowing from the revised 11.0 percent rise the month before.
This was slightly worse than the 5.3 percent increase predicted by economists in a Reuters poll.
On a seasonally adjusted month-on-month basis, exports expanded 0.4 percent in August after growing a revised 3.6 percent in July.
Pharmaceuticals exports in August grew 33.4 percent from the year earlier, slowing from the 109.2 percent growth seen in July.
(Reporting by Fathin Ungku)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app