Asia Economy

Singapore Sept non-oil domestic exports +0.3 percent, beat forecasts

Tourists take in a cable car take in the sights at Sentosa Island, Singapore
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Singapore's non-oil domestic exports in September unexpectedly rose from a year earlier as shipments of electronics products and pharmaceuticals expanded, official data showed on Friday.

Still, non-oil domestic exports to the United States, China and Europe contracted last month, indicating sluggish global demand kept biting into overseas shipments.

Manufacturing a sore point for SIngapore: Nomura

Non-oil domestic exports were seen down 3.8 percent in September from a year earlier but up 0.8 percent month-on-month, according to the median forecast in a Reuters poll.

Singapore's central bank on Wednesday eased monetary policy for the second time this year and warned of downside risks to growth after its economy narrowly avoided a recession in the third quarter.

Read MoreSingapore avoids technical recession, Q3 GDP grows 0.1%

Singapore's non-oil exports tend to be volatile because a significant portion comprises pharmaceuticals and oil rigs that can vary sharply from month to month.