Singapore non-oil exports seen contracting in December: Poll of economists

SINGAPORE (Reuters) - Singapore's non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.

Singapore's non-oil domestic exports (NODX) in December were expected to have fallen 2.3 per cent from a year earlier, according to the median forecast in the survey of 12 economists, after rising 1.6 per cent year-on-year in November.

On a month-on-month and seasonally adjusted basis, non-oil domestic exports were seen falling 1.7 per cent, reversing from a 2.9 per cent expansion in November.

The trade data will be released on Friday (Jan 16) at 8:30am.

Recent business surveys showed that the global economy ended 2014 in a fragile state, as factories across Europe and Asia struggled to maintain output growth in December.