Singapore cuts 2024 key exports forecast again on weaker-than-expected recovery

Quick Summary:

Volatile segments such as pharmaceuticals could continue to weigh on rest of 2024 performance.

Non-oil trade rose by 8 per cent, a tad lower than the 8.4 per cent growth recorded in Q2.

On a seasonally adjusted quarter-on-quarter basis, Q3 Nodx grew by 7.9 per cent, in an about turn from Q2’s 1.3 per cent contraction.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaMalaysiaUnited States

Topics: Cent Nodx Year Growth Trade 2024 Quarter Second Exports Forecast Rise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 08:35:20 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 632 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23751053

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 52 minutes ago

Coverage Areas: Singapore

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Publisher ID: #25

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