Asia Economy

Singapore exports in August fall for sixth straight month

Key Points
  • Singapore's exports in August shrank for the sixth straight month, official data showed on Tuesday.
  • The drop was less than analyst forecasts.
A view of Marina Bay Sands at sunrise on Sept. 18, 2016 in Singapore.
Rustam Azmi |Getty Images

Singapore's exports in August shrank for the sixth straight month, but the drop was less than analyst forecasts, official
data showed on Tuesday.

Non-oil domestic exports (NODX) last month fell 8.9% year-on-year as electronics shipments fell 25.9%, data from the trade agency Enterprise Singapore showed, compared with a revised 11.4% decrease in July.

A Reuters poll had forecast a 12.2% contraction for August.

On a seasonally adjusted month-on-month basis, exports rose 6.7% in August after the previous month's revised 3.5% increase. The poll had called for a 2.5% rise from the month before.

NODX to most of Singapore's top markets fell in August, except for China to which it rose 38.5%.