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Singapore July exports down

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Singapore’s exports in July fell less than expected, as freight shipments to major economies picked up. This suggests that the manufacturing sector may have bottomed out, on the back of an improving economic outlook in the United States and signs of resilience in China.

Non-oil domestic exports (NODX) eased 3.3 percent in July from a year earlier, trade agency International Enterprise Singapore said last week in a statement, beating a forecast of a 3.9 percent slide in a Reuters poll.