Singapore Exports Swing to Growth First Time in 14 Months
- Non-oil domestic exports grew 1% in November from year ago
- Expansion is because of a low base: Enterprise Singapore
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Singapore’s exports returned to growth for the first time in more than a year, although it was hardly a sign of recovery in external demand.
Official data Monday showed non-oil domestic exports grew 1% in November, slower than the median expectation for a 1.5% gain in a Bloomberg survey. The expansion was mainly because of a low base in the year-ago period, according to Enterprise Singapore.