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Singapore June exports rise 8.2 percent year-on-year for brand spanking new in 2 several weeks

SINGAPORE (Reuters) – Singapore’s annual non-oil domestic exports (NODX) increased the very first time in 2 several weeks in June, because of a long uptick in electronics sales on the rear of improving global demand.

Exports rose a greater-than-expected at 8.2 percent in June from last year, data from trade agency Worldwide Enterprise Singapore (IE Singapore) demonstrated on Monday. A Reuters poll predicted an growth of 4.1 %.

In May, non-oil exports increased a revised .4 % from last year.

On the seasonally adjusted month-on-month basis, exports in June declined 2.7 % after rising a revised 9.4 % in May. The poll forecasted 2.1 % stop by June.

Electronics sector exports – a significant driver of shipments in recent several weeks – rose 5.4 % in June 5.college-on-year.

For detailed exports data, see IE Singapore’s website at http://world wide web.iesingapore.gov.sg.

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