Singapore's Key Exports Rebound
Singapore's key exports staged a surprise rebound in September, driven by a surge in electronics shipments.
Non-oil domestic exports (Nodx) grew 6.9% year on year, compared to a revised 11.5% drop in August, according to Enterprise Singapore.
- Electronics exports surged 30.4% year on year.
- Growth was driven by personal computers, disk media products, and integrated circuits.
DBS Bank senior economist Chua Han Teng said the rise in electronics exports was partly due to a lower base of comparison from a year ago.
However, analysts warn that the outlook is clouded by renewed US-China trade tensions.
Author's summary: Singapore's exports rebounded in September.