SINGAPORE (Reuters) - Singapore's non-oil domestic exports likely declined in February, a Reuters poll showed, underscoring the headwinds the city-state's economy faces from sluggish global demand.
Non-oil domestic exports in February fell 2.6 percent from a year earlier, according to the median forecast in the survey of 13 economists.
The year-on-year fall in exports is likely to moderate compared with January, helped by a comparison against weak export figures recorded in February 2015, analysts said.
In January, exports slid 9.9 percent, as sales to major market China collapsed.
On a month-on-month and seasonally adjusted basis, exports were seen down 1.3 percent, after rising 0.7 percent in January, the poll found.
A Reuters poll published in early March showed that the risk of monetary easing by Singapore's central bank is seen as having risen recently as global headwinds buffet the city-state's trade-reliant economy.
Most analysts, however, expect the Monetary Authority of Singapore to keep policy unchanged at its next meeting in April, barring a sharper slowdown in China and steeper jobs losses.
(Reporting Masayuki Kitano; Editing by Sam Holmes)
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
