HALISTER1: SINGAPORE PREVIEW: Exports May Contract for a Fourth Month

SINGAPORE PREVIEW: Exports May Contract for a Fourth Month

(Bloomberg) -- Continued weak external demand is likely to keep Singapore’s non-oil domestic exports under pressure if economists’ predictions prove correct.
  • Exports probably fell 0.8% y/y following 9.9% decline in Jan., median est. in Bloomberg survey shows; ests. range from -9.7% to +11.7%; data due at 8:30am local time
  • Singapore’s purchasing managers index slid to 48.5 last month from 49.0 in Jan., data released on March 2 showed
  • Jan. exports were weaker than the -7.7% expected in survey, according to data released Feb. 17; USD/SGD fell 0.2% that day to close at 1.4033
  • USD/SGD now at 1.3664
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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