Singaporean Non-Oil Exports YoY (Feb) Y/Y 4.0% vs Exp. 4.9% (Prev. 9.3%, Rev. 9.2%)

Singaporean Non-Oil Exports YoY (Feb) Y/Y 4.0% vs Exp. 4.9% (Prev. 9.3%, Rev. 9.2%)

The Singaporean non-oil exports for February came in at 4.0% YoY, which is below expectations of 4.9% and significantly down from the previous 9.3%. This miss could suggest a cooling in demand, potentially impacting GDP growth forecasts and putting pressure on the SGD, as markets might reassess the growth-inflation balance in the region.