Singapore's non-oil domestic exports grow 2.7% in September
September's non-oil domestic exports grew by 2.7 per cent on-year. This was below expectations as market analysts had forecast double-digit growth. It is also a significant drop from the 10.7 per cent expansion the previous month. Experts say it could be due to a contraction in the manufacturing sector of developed markets, like the US and eurozone, and China's weak domestic demand. Nadirah Zaidi with more.
September's non-oil domestic exports grew by 2.7 per cent on-year. This was below expectations as market analysts had forecast double-digit growth. It is also a significant drop from the 10.7 per cent expansion the previous month. Experts say it could be due to a contraction in the manufacturing sector of developed markets, like the US and eurozone, and China's weak domestic demand. Nadirah Zaidi with more.
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