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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Singapore Export Soared For The First Time In June

July, 17 2017
watermark Economic news

Singapore’s export data upsurge more than anticipated at 8.2 percent in June compared to the preceding year according to the trade agency International Enterprise Singapore on Monday. This is envisaged to further rise by 4.1 percent. However, it slumped by 2.7 percent in June after reaching 9.4 percent in May on a seasonally adjusted month-on-month basis. The poll forecasted a 2.1 percent fell in June.

Domestic exports in the non-oil category escalated for the first in two months in June due to a large demand in electronics. It augmented by 0.4 percent as it was revised from last year. On the other hand, exports from the electronics division soared to 5.4 percent in June with 5.4 data year on year which has been the primary boost of trades in the past few months.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.