Singapore's exports beat forecasts to rise 0.9% in April

Exports from Singapore rose last month, beating economists' expectations. -- ST FILE PHOTO: ONG WEE JIN
Exports from Singapore rose last month, beating economists' expectations. -- ST FILE PHOTO: ONG WEE JIN

SINGAPORE - Exports from Singapore rose last month, beating economists' expectations.

Non-oil domestic exports rose 0.9 per cent in April from a year ago, after declining 6.6 per cent in March.

Economists had tipped a 3.3 per cent dip, according to a poll by Reuters.

Non-electronic exports fuelled the increase, climbing 5.5 per cent last month. This reversed a 2.4 per cent contraction in March.

But electronic exports continued to fall, shrinking 8.7 per cent last month over last year on top of the 16.1 per cent decline in March.

On a month-on-month basis, Singapore's exports jumped 9 per cent in April compared with March, exceeding economists' forecasts of a 4.5 per cent rise.