(Reuters photo)SINGAPORE - Singapore’s non-oil domestic exports increased at the fastest pace in five years in February, adding to signs of a recovery in the trade-dependent economy. Non-oil domestic exports rose 21.5% in February from a year ago, International Enterprise Singapore said in a report. The median estimate of 18 economists surveyed by Bloomberg was a 12.5% increaseElectronics exports increased 17.2% in the period, also beating forecasts, after a 6.1% gain in JanuaryNon-oil exports rose 1.4%, compared with a median forecast for a 0.1% contraction. The surge in exports adds to signs of recovery after a 2.8% contraction in shipments in 2016. Economists have revised higher their projections for exports and economic growth this year, forecasting 2.3% expansion.

Source: Bangkok Post March 17, 2017 09:11 UTC