Singapore's non-oil exports fell a less-than-expected 2.8 percent in November from the previous month after seasonal adjustments.
November's fall followed a revised 7.5 percent drop in October, as a weakening global economy hit demand for the country's exports.
Non-oil exports in November fell 17.5 percent from a year earlier to S$12.06 billion ($8.22 billion), trade agency International Enterprise Singapore said in a statement on Wednesday.
Singapore's economy depends heavily on trade, and non-oil domestic exports were worth about 70 percent of the country's gross domestic product last year.
No comments:
Post a Comment