financetom
Economy
financetom
/
Economy
/
Singapore's July exports rise 15.7% y/y, stronger than forecast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Singapore's July exports rise 15.7% y/y, stronger than forecast
Aug 15, 2024 6:06 PM

SINGAPORE (Reuters) - Singapore's non-oil domestic exports rose 15.7% in July from a year earlier, data on Friday showed, with both electronics and non-electronics exports growing.

The rise compared with a Reuters poll forecast of a 1.2% increase in shipments, and followed a downwardly revised 8.8% contraction in June.

On a month-on-month seasonally adjusted basis, non-oil domestic exports increased by 12.2% in July, stronger than the forecast rise of 2.2% in the Reuters poll.

Enterprise Singapore said non-oil exports to Malaysia rose 49.1% from a year earlier, led by exports of computer peripherals, integrated circuits and non-monetary gold.

Shipments to the United States rose 28.9% and those to China were up an annual 21.1%, while non-oil exports to the European Union, Japan, Hong Kong and South Korea fell.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Wednesday Ahead of FOMC Meeting Statement, Powell
US Dollar Rises Early Wednesday Ahead of FOMC Meeting Statement, Powell
Mar 20, 2024
07:44 AM EDT, 03/20/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday as markets anticipate the Federal Open Market Committee will leave the target range for the federal funds rate at 5.25% to 5.50% in its statement due for release at 2:00 pm ET, focusing attention on any changes in the statement, the updated...
Fed's rate-cut confidence likely shaken but not yet broken by inflation
Fed's rate-cut confidence likely shaken but not yet broken by inflation
Mar 20, 2024
WASHINGTON (Reuters) - Federal Reserve officials left their policy meeting in late January in search of greater confidence that inflation was on a sustainable downward path, a notably squishy standard they set for determining when the U.S. central bank might start cutting interest rates. Instead, they've have been buffeted by services prices roaring upward, job growth that continues to surprise...
Policy uncertainty drives investors into US medium-term bond funds
Policy uncertainty drives investors into US medium-term bond funds
Mar 20, 2024
By Patturaja Murugaboopathy (Reuters) - Investors are flocking to U.S. medium-term government bond funds and helping push their assets to record highs, as uncertainty about the Federal Reserve's policy path prompts them to seek the sweet spot between income and protection. According to Morningstar Direct data, U.S. medium-term government bond funds, which include Treasuries and debt issued by government-linked agencies,...
Southwest Airlines reaches tentative agreement with flight attendants' union
Southwest Airlines reaches tentative agreement with flight attendants' union
Mar 20, 2024
(Reuters) - Southwest Airlines ( LUV ) said on Wednesday it has reached a tentative agreement, including for better wages, with its flight attendants' union in a new contract covering nearly 20,000 cabin crew members. The airline's flight attendants had been demanding higher pay and better work rules. The previous contract came up for renewal in 2018. In the past...
Copyright 2023-2026 - www.financetom.com All Rights Reserved