Singapore August exports seen up 2.6pc

15 Sep, 2014

SINGAPORE: Singapore's non-oil exports in August is forecast to have risen from a year earlier, while monthly growth is seen slowing from July, a Reuters poll showed on Monday.

Fourteen economists estimated exports in August rose 2.6 percent from a year earlier, recouping some of the 3.3 percent contraction in July and a 4.6 percent decrease in June.

On a month-on-month and seasonally adjusted basis, exports were forecast to have risen 1.0 percent in August, compared with a 2.5 percent rise the previous month.

Economists doubted if a rebound in annual growth can be sustained as Singapore's manufacturing activity in August contracted for the first time in eight months.

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