FX.co ★ Singapore Trade Data On Tap For Tuesday

On Tuesday, Singapore is set to unveil August statistics for non-oil exports, trade balance, and Q2 unemployment rates, marking a moderate day for economic updates in the Asia-Pacific region.

In July, non-oil exports from Singapore increased by 12.2% month-on-month and 15.7% year-on-year, resulting in a trade surplus of SGD 6.486 billion. The unemployment rate is anticipated to remain stable at 2.0%.

Indonesia is scheduled to publish August data for imports, exports, and trade balance. Imports are forecasted to rise by 8.15% year-on-year, a decrease from the 11.07% growth seen in July. Exports are expected to increase by 3.83% annually, down from 6.46% in the previous month. In July, Indonesia recorded a trade surplus of $0.47 billion.

Lastly, financial markets in South Korea (Chuseok Thanksgiving Day), Taiwan (Mid-Autumn Festival), and China (Mid-Autumn Festival) will be closed on Tuesday.