Singapore's key exports surpass forecasts to surge 22.2% in October

Cătălin Roșioru

There is optimism that Singapore may exceed its full-year key export growth estimate of between 1% and 3%. Enterprise Singapore's latest data showed key exports in October nearly tripled economists' on-year estimates. Non-oil domestic exports jumped 22.2% last month as compared to the 7% growth in September. Electronics shipments rose by around 33% on-year, driven mostly by PCs, integrated circuits and disk media products. NODX also rose 4.1% year-to-date, which experts attributed to healthy