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Singapore's December exports rise 6.8%, above forecasts

Reuters SG
Updated ·1-min read
Singapore's December exports rise 6.8%, above forecasts

SINGAPORE, Jan 18 (Reuters) - Singapore's December non-oil domestic exports (NODX) increased 6.8% from a year earlier, official data showed on Monday, due to a rise in shipments of electronics as well as non-electronics such as specialised machinery and non-monetary gold.

The rise followed a 5.0% decrease in November.

Economists had expected a 0.3% increase according to the median of 7 estimates.

On a seasonally adjusted month-on-month basis, exports rose 6.6% in December, extending the prior month's 3.7% expansion, Enterprise Singapore said in a statement.

Economists had forecast a 3.6% rise. (Reporting by Aradhana Aravindan in Singapore; Editing by Himani Sarkar)