Exports in dollar terms fell 0.3 per cent in October from a year earlier, the Customs authority said on Monday well below the 4.5 per cent gain projected by economists, and down from September’s 5.7 per cent increase.
Imports also fell, with the 0.7 per cent decline the first drop since August 2020. The trade balance climbed slightly to US$85.1 billion S$119.9 billion) in October, from US$85 billion in September.
The weakness in exports adds to the pressure on the economy, which is already struggling due to the property market slump, persistent disruptions from Covid-19 controls, and weak consumer spending.
Bu hikaye The Straits Times dergisinin November 08, 2022 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin November 08, 2022 sayısından alınmıştır.
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