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SINGAPORE, June 18: Singapore's key exports recovered in May to grow 3.7 per cent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments, the government said on Monday.
On a month-on-month seasonally adjusted basis, Singapore's non-oil domestic exports, valued at 13.9 billion Singapore dollars was up 1.4 per cent, the trade promotion body International Enterprise Singapore said.
Analysts had predicted NODX would increase an annual 1.7-8.0 per cent for the month.
Total trade fell 0.3 per cent year-on-year to $68.02 billion, reversing the 8.1 per cent jump recorded in the previous month.
—AFP
