Trade
Singapore Exports Fall More Than Expected on Weak Electronics
Singapore expects gross domestic product to grow 1%-3% this year, with the outlook largely hinged on a recovery in global demand for goods and a tech upcycle.
Photographer: Aparna Nori/BloombergThis article is for subscribers only.
Singapore’s exports declined more than expected in June as electronics shipments remained weak, suggesting challenges ahead for the trade-reliant economy.
Official data Wednesday showed non-oil domestic exports declined 8.7% from a year earlier, steeper than the median expectation for a 1.3% contraction in a Bloomberg survey. That follows a revised 0.7% decrease in May.