* Sept non-oil domestic exports -1.1 pct y/y, -11.0 pct m/m
* Electronics down 7.9 pct y/y
* Sept NODX to China up 9.6 pct from year earlier
By Fathin Ungku and Aradhana Aravindan
SINGAPORE, Oct 17 (Reuters) - Singapore's exports
unexpectedly fell from a year earlier in September, data showed
on Tuesday, their first on-year contraction in five months as
electronics shipments posted their first decline in almost a
Non-oil domestic exports fell 1.1 percent in September
on-year, data from the trade agency International Enterprise
Singapore showed, the first fall since April's 0.6 percent
decline. The September contraction was a stark contrast to
analysts' forecasts for a 12.7 percent increase.
"We had already been expecting electronics exports to
moderate eventually. It was always going to be very difficult to
sustain double-digit electronics growth, both on export and
production side. We have always been very cautious on this
sector," said Nomura economist Brian Tan.
In August, exports grew a revised 16.7 percent from a year
Electronics exports, a major driver of the city-state's
trade in recent months, fell for the first time since October,
contracting at 7.9 percent in September from a year earlier.
Singapore and other Asian economies that are highly dependent
on trade have gained a big boost this year from improved global
demand, particularly for electronics products and components
such as semiconductors.
Stronger global trade in general this year has also
benefited Singapore, which boasts one of the world's largest
container ports and a global air cargo hub.
On a seasonally adjusted month-on-month basis, exports in
September fell 11.0 percent after a 4.5 percent rise in August,
the sharpest decline since June 2016 when exports fell 13.0
The Reuters poll had predicted a contraction of 0.1 percent.
In the third quarter, the city-state grew much faster than
expected at 6.3 percent from the previous three months on an
annualised basis, driven by demand of its tech products.
However, some analysts say the recovery is too narrow and
that growth likely will start to moderate next year.
"Overall, we are expecting GDP growth of 2.8 percent this
year, so this is roughly still fitting that picture," Tan said,
adding that data over the next couple of months is required to
understand "whether this was more permanent or just a one-off".
Singapore's central bank held monetary policy steady last
week, although analysts say its policy statement suggests a
cautious view about growth next year.
(Reporting by Fathin Ungku; Editing by Richard Borsuk and Sam
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