Singapore's August exports rise 10.7% y/y, lower than forecast
SINGAPORE, Sept 17 (Reuters) -Singapore's non-oil domestic exports rose 10.7% in Augustfrom the same month a year earlier, data on Tuesday showed, buoyed by a rise in both electronic and non-electronic products.
Last month's growth compared with a Reuters poll forecast of a 15% increase, and extended the 15.7% expansion in July.
On a month-on-month seasonally adjusted basis, non-oil domestic exports fell 4.7% in August, following July's 12.2% expansion. That was steeper than analysts' predictions for a 3.3% decline.
Among key markets, the largest contributors to the export growth were Hong Kong, China and Malaysia, while shipments to Europe and Japan declined, Enterprise Singapore said.
Exports to Hong Kong expanded by 70.6% from a year earlier due to integrated circuits, non-monetary gold and disk media products.
Exports to China grew 18.8% due to specialised machinery, non-monetary gold, and pharmaceuticals.
Reporting by Xinghui Kok; Editing by John Mair
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