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2025-09-16 11:21:00
[Singapore's non-oil domestic exports may rise in August] According to the median estimate of nine economists surveyed by The Wall Street Journal, Singapore's non-oil domestic exports may increase by 1.1% year-on-year in August. This would mark a rebound from the 4.6% contraction in July. Selena Ling, chief economist of OCBC Bank, said that the poor performance in July was partly due to a high base a year ago, especially in the pharmaceutical sector. She added that although the United States began imposing tariffs in early August, its impact on Singapore's exports remains to be seen. For now, semiconductors and pharmaceutical products are still not affected by US tariffs. The data will be released on Wednesday
