Economy

Singapore's non-oil domestic exports rise 17 pct on year in August

Data released by trade agency International Enterprise Singapore on Monday showed the city-state's core exports rose 17.0% in August from a year ago, beating the consensus estimate of around 12% increase by economists polled by Reuters last week.

The growth was much higher than the revised growth rates of 8.8 percent in June and 7.6 percent in July.

Month on month, the NODX bounced back from a 3.3 per cent fall in the previous month to post a seasonally adjusted 4.5 per cent rise.

SINGAPORE-Singapore's key non-oil domestic exports rose sharply in August due to an acceleration in the shipments of both electronics and non-electronics products. Higher sales to Chinese mainland, Australia and 28 European Union countries contributed the most to the year-on-year increase of oil domestic exports.

Non-oil re-exports also rose by 11.9%, albeit slower than last month's 16.7% expansion.

The three markets saw oil domestic exports from Singapore increase 68.5 percent, 92.7 percent and 37.5 percent year on year in the month, respectively.

On a year-on-year basis, electronic Nodx surged by 21.7 per cent in August, following the 15.3 per cent growth in July and topping forecast for 15 per cent growth.

Nodx to China expanded by 43.2 per cent in August 2017, following the previous month's 19.6 per cent growth, led by non-monetary gold, petrochemicals (+35.8 per cent) and ICs (+41.8 per cent). Exports to the USA grew a relatively tepid 3.9% after the previous month's 5.9% decrease.



Like this

Latest


18 September 2017
Chargers set off celebratory cannon after losing to Dolphins
Spanos struck a deal with Los Angeles Rams owner Stan Kroenke to play in his Inglewood stadium, scheduled to be ready in 2020. Henry, who was expected to take over for Antonio Gates , played just 23 snaps in the opener and wasn't targeted AT ALL.

18 September 2017
Paul Bettany Wraps Work On 'Star Wars' Han Solo Film
September 18: It seems like Paul Bettany has finished filming for his part in upcoming " Star Wars " spin-off " Han Solo " movie. This is the third time the two have collaborated in their careers, following A Beautiful Mind and The Da Vinci Code .

18 September 2017
Sloane Robinson LLP Sells 91100 Shares of HDFC Bank Limited (HDB)
Sio Capital Management Llc owns 325,250 shares or 1.4% of their USA portfolio. 96 were reported by Envestnet Asset Inc. The Prince Street Capital Management Llc holds 186,300 shares with $11.30M value, up from 139,300 last quarter.

18 September 2017
'Pure speculation': British Home Sec dismisses Trump's Parsons Green tweets
They continued searching a home in Sunbury, another southwestern London suburb where neighbours were evacuated on Saturday. One person is still being treated at Chelsea and Westminster Hospital, which has a special unit for treating burns.

18 September 2017
Funeral procession of MIAF Arjan Singh begins
Prime Minister Modi met Marshal Singh's family members and wrote a message in the condolence book at the Indian hero's residence. Singh kept his flying category even while he was the Chief of Air Staff, a distinctive quality that Dhanoa also alluded to.

18 September 2017
Sushma Swaraj arrives in NY for UNGA session
The General Assembly also comes just over a fortnight after North Korea conducted its sixth , and most powerful, nuclear test. India is among the 120 countries who have extended their support to the UN Secretary General's reform efforts.

18 September 2017
US Rolling Stone Magazine To Be Put Up For Sale
Of course, Rolling Stone has been whittled down to nothing after its heyday in the Sixties, Seventies, and Eighties. It will be interesting to see if Wenner can keep his strangehold on the Rock and Roll Hall of Foundation now.

18 September 2017
Navient Corporation (NASDAQ:NAVI) Announces $0.16 Quarterly Dividend
The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.01. Whereas 4 of them predict the stock is a hold. (NASDAQ:AMAT) has "Hold" rating given on Friday, August 14 by Nomura.

18 September 2017
Analyst Research Roundup: Realogy Holdings Corp. (RLGY), Coty Inc. (COTY)
It dropped, as 60 investors sold RLGY shares while 75 reduced holdings. 43 funds opened positions while 75 raised stakes. Expedia Inc. has $190 highest and $27 lowest target. $37.85's average target is 9.81% above currents $34.47 stock price.

18 September 2017
Chiefs 6, Eagles 3 — THIRD QUARTER
In the trade up to get Mahomes, the Chiefs gave up their 27th pick and a third-rounder as well as their 2018 first-round pick. Philadelphia significantly bolstered its defensive line with offseason acquisitions Chris Long and Tim Jernigan.



Recommended