Singapore’s non-oil
domestic exports -3.5% y/y in May
expected +8.0%, prior +12.4% in April
Exports to Taiwan, Indonesia, South Korea and Hong Kong
increased y/y in May
exports to the United
States, Thailand and Malaysia decreased
Singapore downgraded its GDP forecast for 2025 to
0% to 2% from 1% to 3% in April.
This article was written by Eamonn Sheridan at www.forexlive.com.