Business Standard

Singapore October exports unexpectedly fall 3.1% y-o-y shipments drop

Singapore's October NODX unexpectedly fell 3.1% from a year earlier, coming in well below forecasts, as both electronics and non-electronics shipments dropped

An aerial view of shipping containers stacked at the port of Singapore. Photo: Reuters

An aerial view of shipping containers stacked at the port of Singapore. Photo: Reuters

Reuters SINGAPORE
SINGAPORE (Reuters) - Singapore's October non-oil domestic exports (NODX) unexpectedly fell 3.1% from a year earlier, coming in well below forecasts, as both electronics and non-electronics shipments dropped, official data showed on Tuesday.
The figure missed a 5.7% rise forecast by economists in a Reuters poll, and compared with a slightly revised 5.8% increase in September.
On a seasonally adjusted month-on-month basis, exports decreased 5.3% in October after an 11.4% contraction the previous month, Enterprise Singapore said in a statement.
Economists had forecast a 4.6% rise.
 
(Reporting by Aradhana Aravindan in Singapore; editing by Richard Pullin)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 17 2020 | 8:05 AM IST

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