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Singapore Non-oil Exports Greater-Than-Expected Data In October

November, 20 2017
watermark Economic news

The non-oil exports from Singapore rose at a quicker rate than anticipated for October since there has been more demand from China.

Statistically, non-oil exports climbed to 20.9 percent year-on-year for October as stated from the International Enterprise Singapore data. This has been greater than the economic forecasts of 10 percent growth from Reuters. The data increased following a decline of 1.1 percent in September.

Trades to China being the biggest export market in Southeast Asia soared by 53.3 percent while shipments bound to the European Union grew by 26.1 percent. On the other hand, electronic exports advanced by 4.5 percent. On a monthly basis, non-oil exports increased by 12.5 percent exceeding the forecast of 5.1 percent growth.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.