Singapore Exports Swing to Growth First Time in 14 Months (1)

Singapore’s exports returned to growth for the first time in more than a year, although it was hardly a sign of recovery in external demand.

Official data Monday showed non-oil domestic exports grew 1% in November, slower than the median expectation for a 1.5% gain in a Bloomberg survey. The expansion was mainly because of a low base in the year-ago period, according to Enterprise Singapore.

Total trade increased in November, supported by growth in exports even as imports declined. Still, the data offered little reason for cheer about the prospect of a durable recovery in trade, key ...