Singapore's exports in September rose less than expected as sales to Europe contracted and shipments to the United States slowed, adding to concerns that a sluggish global economy may bite into the city-state's exports.
Non-oil domestic exports (NODX) grew 0.9 percent in September from a year earlier, trade agency International Enterprise Singapore said in a statement on Friday. That compared with a 2.6 percent growth forecast in a Reuters poll, and a 6.0 percent increase in August.
On a month-on-month seasonally adjusted basis, NODX dropped 8.8 percent, much weaker than the 4.0 percent decline forecast in the poll.
Exports to the European Union declined 3.6 percent in September, compared with a 7.0 percent rise the previous month.