Singapore’s key exports continued to grow in February from a year earlier, helped by a strong bounce in the pharmaceuticals and electronics sectors and adding to the case for modest policy tightening next month, government data showed on 17 March.
Non-oil domestic exports rose 23.4 percent in February from a year earlier, the trade promotion agency International Enterprise Singapore said in a statement.
The expansion followed a revised 20.5 percent increase in the previous month and was stronger than the 18.4 percent rise expected by the median forecast of seven economists polled by Dow Jones Newswires.
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(Source: The Wall Street Journal Online)