PREVIEW: Singapore's exports likely contracted 3.0% on year in August as weakness in the global economy hurt demand, according to the median estimate in a Dow Jones Newswires poll of 11 analysts. That compares with a 5.8% expansion in July. "Non-oil domestic exports probably contracted...given weakening global demand and China's slowdown. Electronics exports probably contracted, following six consecutive months of mild expansion," says an analyst at Bank of America-Merrill Lynch. Measured on month in seasonally adjusted terms, exports likely shrank 0.7% in August following a 3.6% contraction in July, according to nine estimates in the same poll. The government will release August exports data at 0030 GMT on Monday, Sept. 17.
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