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Singapore April non-oil exports down 0.7 pct y/y
May 17, 2017 / 12:35 AM / 6 months ago

Singapore April non-oil exports down 0.7 pct y/y

SINGAPORE, May 17 (Reuters) - Singapore’s non-oil domestic exports (NODX) unexpectedly fell in April after five consecutive months of growth, due to a sharp decline in the pharmaceutical exports.

Exports dropped 0.7 percent from a year earlier, data from trade agency International Enterprise Singapore (IE Singapore) showed on Wednesday. They also fell on a seasonally adjusted month-on-month basis, with April’s exports 9.0 percent down from March.

Pharmaceutical exports fell 39.9 percent on a year-on-year basis in April, after growing 17.7 percent in March.

A Reuters poll had forecast April exports would expand 12.4 percent from a year earlier and shrink 4.1 percent from March.

For detailed exports data, see IE Singapore's website at www.iesingapore.gov.sg. (Reporting by Fathin Ungku; Editing by Simon Cameron-Moore)

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