Singapore March exports fall 8.3% year over year, drop less than forecast

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SINGAPORE - Singapore's March non-oil domestic exports (NODX) shrank 8.3 per cent year-on-year, official data showed on Monday (April 17), though the drop was smaller than the previous month and less than forecast. Economists had expected a 20.8 per cent contraction in a Reuters poll. Exports had contracted 15.8 per cent in February. On a seasonally adjusted month-on-month basis, NODX...

SINGAPORE - Singapore's March non-oil domestic exports shrank 8.3 per cent year-on-year, official data showed on Monday , though the drop was smaller than the previous month and less than forecast.

On a seasonally adjusted month-on-month basis, NODX increased 18.4 per cent, Enterprise Singapore data showed, versus the prior month's 8.2 per cent decline. Economists had forecast 1.7 per cent growth. The Monetary Authority of Singapore left its monetary policy settings unchanged last week, even though the inflation rate remains elevated, reflecting policy makers' concerns about its growth outlook.From Singapore to Indonesia, how are export bans on chicken, wheat, sugar affecting Asia?

 

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