Singapore Exports Increase on Petrochemical Sales, China Demand

Singapore’s exports rose more than economists estimated in April as manufacturers shipped more petrochemicals and sales to China rebounded.

Non-oil domestic exports rose 8.3 percent from a year earlier, after a 4.3 percent decline in March, the trade promotion agency said in a statement today. The median of 16 estimates in a Bloomberg News survey was for a 5.9 percent gain.

Exports climbed a seasonally adjusted 13.1 percent last month from March, when they fell 16.8 percent, today’s report showed. The median of eight estimates in a Bloomberg News survey was for a 5.7 percent increase.

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