Singapore February exports strongest in five years
SINGAPORE (Reuters) Singapore February non oil domestic canada goose outlet store locations exports (NODX) grew at Canada Goose Online their fastest pace in five years, canada goose replica fuelled by demand for the city state tech products and a sharp jump in shipments to China.
Workers look as a container ship is unloaded at a berth in a PSA International port terminal in Singapore September 25, 2013. REUTERS/Edgar Su/Files
The stronger than expected data adds to optimism of a manufacturing revival for Asian exporters as concerns over trade protectionism and geopolitical risks rise.
Exports in February rose 21.5 percent from a year canada goose black friday sale earlier, data from trade agency International Enterprise Singapore (IE Singapore) showed on Canada Goose Coats On Sale Friday.
Non oil domestic exports rose a buy canada goose jacket cheap seasonally Canada Goose Outlet adjusted 1.4 percent in February from January.
A Reuters poll had forecast canada goose coats on sale February exports would expand 12.8 percent buy canada goose jacket from canada goose clearance sale a year earlier and cheap Canada Goose grow 0.8 percent from January.
strong numbers were being helped by a favourable base effect because canada goose clearance of Lunar New Year, said ANZ economist Weiwen Ng. The holiday fell in February last year but was celebrated in January this year.
Singapore electronics sector was also a canada goose coats factor driving exports, helping the trade dependent economy avert a recession in the fourth quarter. Integrated circuits made up a bulk of the export growth of the electronics sector.
bright spot effectively is still electronic NODX which continued to expand in double digits Ng said.
Petrochemical exports also jumped 45.3 percent from a year earlier.
However, canada goose store despite the stellar numbers, Ng Canada Goose Parka said he remains cautiously optimistic in his outlook which is dependent on trade recovery in the region and the reflationary fiscal policy under the Trump administration
February annual rise was the canada goose biggest since February 2012, when exports canadian goose jacket jumped 32.2 percent, Thomson Reuters data showed. Exports in January 2018 canada goose outlet rose 8.6 percent, buoyed by strong shipments to China as well as Taiwan and South Korea.
In February, shipments Canada Goose online to China soared 65.1 percent from a year earlier, while exports to Europe rebounded, up 28.7 percent, and exports to the United States grew 1.4 Canada Goose sale percent.
Singapore economy Canada Goose Jackets has been cheap canada goose on the ropes in the last two canada goose deals years with growth slipping to a seven year low of 1.8 percent in 2016, as exports slowed amid sluggish global growth.
Most canada goose outlet toronto factory analysts now expect Singapore https://www.canadagoose-coats.ca central bank to keep monetary policy unchanged at its next policy review in April, after exports and factory activity picked up momentum from late last year.
