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Singapore April exports blow past expectations on stronger pharma

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Singapore's exports rose sharply in April, beating expectations, thanks to a surge in pharmaceuticals sales, however, shipments of electronics goods, a source of trade strength for much of last year, continued their decline.Non-oil domestic exports (NODX) increased 11.8 percent in April from a year earlier, after falling for two straight months, data from government agency Enterprise Singapore showed, beating the median 5.4 percent rise predicted in a Reuters survey.Economists, however, questioned the sustainability of the growth that was led by shipments of ...

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First Published: Thu, May 17 2018. 09:31 IST