Fall in exports smaller than expected

An aerial view of shipping containers stacked at the port of Singapore.
An aerial view of shipping containers stacked at the port of Singapore. PHOTO: REUTERS

Singapore's non-oil domestic exports fell less than expected last month, but economists say the outlook is still lacklustre.

Shipments slid 4.8 per cent in September compared with the same month last year - a smaller contraction than economists' expectations of a 5.8 per cent slide.

The numbers were the latest in a recent spate of downbeat data, signalling that the economy is likely in for a protracted slowdown.

Last week, advance estimates showed the local economy grew just 0.6 per cent in the July to September quarter - the weakest showing since 2009.

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A version of this article appeared in the print edition of The Straits Times on October 18, 2016, with the headline 'Fall in exports smaller than expected'. Print Edition | Subscribe