Economy

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

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

loading...
loading...

Latest


18 September 2017
Trump's Supporters, Protesters Hold Rival Rallies in Washington, DC
Organisers had hoped to attract a million people to Washington DC for a massive demonstration showing their support for the U.S. president.

18 September 2017
Between The Numbers: Annaly Capital Management, Inc. (NLY), Monogram Residential Trust, Inc
Harvest Management Llc sold 255,000 shares as the company's stock 0.00%. 67 funds opened positions while 132 raised stakes. One such company is Annaly Capital Management Inc (Symbol: NLY), which saw buying by Chief Investment Officer David L.

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
Israel Will Fix Adoption Law To Give Same-Sex Couples Equal Rights
Over the same period, while only three same-sex couples were successful, more than 1,000 straight couples have adopted. If the state does not meet its obligation, we will resubmit the petition".

18 September 2017
Monster Beverage Corporation (MNST) Director Sells $560000.00 in Stock
The expected MNST's profit could reach $227.27M giving the stock 35.11 P/E in the case that $0.40 earnings per share is reported. TRADEMARK VIOLATION WARNING: This story was originally posted by Equities Focus and is the sole property of of Equities Focus.

18 September 2017
Will Rangers bounce back at Angels? MLB Predictions 9/16/17
He went five innings for the second consecutive start, raising his pitch count from 63 in his previous outing to 74 on Sunday . The 490-foot home run by 1B Joey Gallo against the Angels was his 59th extra-base hit among 87 hits overall this season.

18 September 2017
Vince Cable says he is 'plausible' candidate for Prime Minister
Sir Vince, a former business secretary, said it is "perfectly plausible" he could replace Theresa May in Downing Street. Sir Vince dismissed a suggestion that his hopes were slim.

18 September 2017
The Crown's John Lithgow wins first Emmy Award of the night
Host Stephen Colbert spent most of his opening monologue bashing Trump and blaming his presidency on a lack of Emmys . She had previously tied with Candice Bergen for "Murphy Brown", who had five consecutive Emmy wins for the same role.

18 September 2017
PeeCee dazzles in white at 2017 Emmy Awards
Here's a glimpse of how Priyanka teased her fans on Instagram story, the snippets of which were shared on Twitter by her fan club. Priyanka Chopra will be presenting tonight (like last year) along with actors such as Nicole Kidman.

18 September 2017
Trump, Moon to increase pressure on N.Korea: White House
The meeting, held at a ministerial level, will highlight global unity in confronting the crisis with North Korea, diplomats said. Tump, who, like most other first-year US presidents, arrives at the United Nations as a novice in worldwide diplomacy.