Singapore’s Jan exports up 16.8% y/y, steeper rise than forecast

SINGAPORE: Singapore’s non-oil domestic exports grew 16.8% in January from the same month a year earlier, official data showed on Friday, aided by growth in both electronic and non-electronic products.

Last month’s increase compared with a Reuters poll forecast of 5.4% growth, reversing the 1.5% contraction seen in December.

In a press release, Entreprise Singapore said the expansion came from “the low base a year ago”.

Non-oil domestic exports amounted to…