PREVIEW-Singapore exports seen down again in Oct

* WHAT: Singapore's Oct non-oil domestic exports * WHEN: Tuesday, Nov 16, 1 p.m. (0500 GMT) SINGAPORE NON-OIL EXPORTS (percentage change): OCTOBER OCTOBER SEPT AUG NO OF FORECAST RANGE FORECASTS EXPORTS M/M -4.7 -8.0/+0.9 -4.5 +9.8 8 EXPORTS Y/Y +26.8 +22.4/+32.0 +22.7 +30.8 10 * FACTORS TO WATCH: - Singapore's non-oil domestic exports probably fell for a second month in October on a month-on-month seasonally adjusted basis as pharmaceutical shipments fell due to plant shutdowns to prepare production lines for new drugs. - The October data is expected to continue to show double-digit annual growth, thanks to low year-earlier levels and orders in preparation for the year end shopping season. - Singapore's exports are dominated by electronics and pharmaceuticals. - Exports to the European Union and the United States will be monitored for signs of how much the European debt crisis or the weak recovery in the U.S. are hurting demand for Asian goods. - The EU is Singapore's largest market, with a 14.1 percent share of its total non-oil domestic exports in the first half of 2010, down from 14.5 percent in 2009. * MARKET IMPACT - The Singapore dollar is heavily influenced by external factors, such as the strength of late in the U.S. dollar, but better-than-expected data may give investors a reason to buy back the local currency. - In October, the central bank widened the trading band for the Singapore dollar for the first time since just after the September 2001 attacks on the United States, underlining the depth of its concern about financial markets. - The Singapore currency has strengthened about 8.5 percent against the U.S. dollar so far this year. FORECASTS vs Sept 2010 vs Oct 2009 s/adj STANDARD CHARTERED -8.0 +22.4 OSK/DMG -6.3 +24.5 FORECAST -5.4 +28.1 UOB -4.8 +26.6 NOMURA -4.6 +27.0 ING -2.4 +25.0 ACTION ECONOMICS -2.4 +32.0 CAPITAL ECONOMICS +0.9 +27.7 BARCLAYS CAPITAL n.a. +25.0 DBS n.a. +27.1 ------------------------------------------------------ MEDIAN -4.7 +26.8 ------------------------------------------------------ To track Singapore economic data, click on. (Reporting by Nopporn Wong-Anan; Editing by Neil Fullick) ((nopporn.wong-anan@thomsonreuters.com; +65 6403 5665; Reuters Messaging: nopporn.wong-anan.reuters.com@reuters.net) Keywords: SINGAPORE ECONOMY/EXPORTS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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