Singapore March 2017 Export result beats the expert who had forecasted earlier. Comparing to the same month previous year, Singapore export shows improvement. The trade better result comes significantly from the petrochemical and pharmaceutical. This also give a clue that Singapore is not relying on electronic segment.
Singapore diversification in industry with technology is an advantage, as it pays off. Additionally, now there are few improvement news aligning, from the global side, there are the:
1) United states initiative to do interest rate increase on first quarter of 2017 after considering the market fundamental and sentiments.
2) United states and Europe with improving employment rate in April 2017 which is one of the indication of business growing.
As of now, we feel that Singapore could perform better than expectation for year 2017 based on the current overall economic situation.
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