Singapore's key exports recover in May with 3.7 percent rise

Singapore's key exports recovered in May to grow 3.7 percent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments, the government said Monday.
On a month-on-month seasonally adjusted basis, Singapore's non-oil domestic exports (NODX), valued at 13.9 billion Singapore dollars (9.02 billion US), was up 1.4 percent, the trade promotion body International Enterprise Singapore said.
Analysts had predicted NODX would increase an annual 1.7-8.0 percent for the month. Total trade fell 0.3 percent year-on-year to 68.02 billion dollars, reversing the 8.1 percent jump recorded in the previous month.