SINGAPORE (Oct 15): Singapore's non-oil exports in September likely increased from a year earlier at a slower pace than in August due to a global economic slowdown, a Reuters poll showed on Wednesday.
Overseas shipments in September are estimated to have risen 2.6 percent from a year earlier, according to a survey of 15 economists. That compares to a 6.0 percent growth in August and a 3.3 percent decrease in July.
On a month-on-month and seasonally adjusted basis, exports in September were forecast to have fallen 4.0 percent, the first such contraction since May. In August, overseas shipments grew a seasonally adjusted 7.6 percent from the previous month.
Singapore's manufacturing activity expanded in September, while factory sector across much of Asia tumbled, denting hopes for a pickup in the global growth this year.
m/m y/y
(seasonally adjusted)
ANZ -3.5 2.6
Bank of America Merrill Lynch 1.6
Bank of Tokyo-Mitsubishi UFJ 1.8 4.2
Barclays 3.4
CIMB -4.5 1.5
Citigroup -4.9 2.7
DBS 3.7
HSBC 1.7
ING Financial -4.0 2.0
Moody's Analytics 4.0
Oversea-Chinese Banking Corp -0.9 2.4
Royal Bank of Scotland 2.4
Scotiabank 3.2
Standard Chartered 5.2
United Overseas Bank -7.0 -1.0
Median -4.0 2.6