Singapore Electronics Exports Improve Significantly
Jeroen Blokland | Nov 18, 2019 07:54
Electronics export growth in Singapore, a bellwether for global earnings per share, improved significantly in October.
While year-on-year electronics exports still recorded a double-digit decline of 16.4%, the drop was far less severe than in previous months. This was contrary to expectations. The latest exports data suggest global earnings have seen most of their decline, although they are likely to go down again in this quarter and next. After that, things look set to improve, helping equities remain close to all-time highs.
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