Singapore Sept non-oil domestic exports fall y/y but beat f'cast

Wed Oct 16, 2013 8:30pm EDT

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SINGAPORE, Oct 17 (Reuters) - International Enterprise
Singapore (IE Singapore), the country's trade agency, released
September trade data on Thursday.

    percentage change
                                     September    August**
 Non-oil domestic exports (m/m*)        +5.7        -6.6
 Non-oil domestic exports (y/y)         -1.2        -6.8
 - electronics                          -5.5        -9.2
 - pharmaceuticals                     -39.3       -34.8
 - European Union                      -23.3       -24.7
 - United States                       +24.9        -6.7
 - China                               +20.5       +15.3
 Non-oil domestic exports (S$ bln)     14.25       13.65
 Non-oil re-exports (y/y)              +12.7       +14.4
 Total trade (y/y)                      +9.0        +3.5
* m/m data is seasonally adjusted
** August non-oil domestic exports were revised slightly lower
    For detailed exports data, see IE Singapore's website at
    For consensus estimates, click on 
    - A Reuters poll of economists had estimated that non-oil
exports in September would fall a median 2.8 percent from a year
earlier but rise 2.6 percent month-on-month.
    - Singapore's non-oil exports tend to be unpredictable
because a significant portion involves pharmaceuticals and oil
rigs that can vary sharply from month to month.

 (Reporting by Kevin Lim)
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