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Singapore June exports falling

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Non-oil domestic exports from Singapore are expected to fall on an annual basis in June for the second straight month, a Reuters poll showed on earlier this month, adding to signs of a slowdown in the city-state’s manufacturing activity.

The median forecast in the survey of 12 economists showed non-oil domestic exports in June were expected to have fallen 2.3 per cent from a year earlier, following a 6.6 per cent drop in May.

A recent survey by the Singapore Institute of Purchasing & Materials Management showed that the city-state’s manufacturing activity grew in June but at the slowest pace in five months due to weak new orders.