Singapore May exports seen expanding, but monthly pace may slow

SINGAPORE (Reuters) - Singapore's non-oil domestic exports probably grew at a slower pace in May from April, a Reuters poll showed, indicating the economy has yet to fully gain from a recovery in major markets.

From a year earlier, non-oil domestic exports in May were expected to have risen 0.9 per cent from a year earlier, the median estimate of 10 economists in a Reuters poll showed.

On a month-on-month, seasonally adjusted basis, non-oil domestic exports were seen up 0.5 per cent.

The data is due out on Tuesday at 8.30am Singapore time.

In April, non-oil exports rose a better-than-expected 0.9 per cent from a year earlier and 9.0 per cent from the previous month, suggesting a pick-up in global demand shored up domestic manufacturing activity.

The exports poll forecasts may underline a survey showing the city-state's manufacturing activity grew at slower pace last month than April on lower orders.