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SINGAPORE: Exports Turn Positive for July.

SINGAPORE
  • Singapore exports surprised to the upside in July rising 15.7% yoy / +12.2% mom.
  • Led by an electronic exports rise of 16.5% yoy, this was welcome relief following June’s release.
  • June saw a significant decline of -8.7% as electronic shipments weakened.
  • The data showed large increases in exports to the US, China, Malaysia and Indonesia with declines to the EU.


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