Singapore's November exports rise 3.4% y/y, stronger than forecast

SINGAPORE: Singapore's non-oil domestic exports rose 3.4% in November from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased while non-electronics declined.

The rise compared with a revised fall of 4.7% in October and a Reuters poll forecast of a 0.7% drop.

On a month-on-month seasonally adjusted basis, non-oil domestic exports rose 14.7% in November.

Non-oil domestic exports to Taiwan, Hong Kong and Malaysia rose in annual terms in November, while shipments declined to some of Singapore's other top markets, including the United States, China and Japan, Enterprise Singapore said in a statement. - Reuters