Singapore exports contract more than expected

Non-oil domestic exports declined 20.6% from a year earlier, steeper than the median expectation for a 16% contraction in a Bloomberg survey. That follows a 14.7% fall in November. — Reuters

SINGAPORE: Singapore’s exports have come in weaker than expected in December, dragged down by a fall in shipments to China.

Non-oil domestic exports declined 20.6% from a year earlier, steeper than the median expectation for a 16% contraction in a Bloomberg survey. That follows a 14.7% fall in November.