SINGAPORE, Sept 18 Reuters Singapore39;s annual exports fell for an 11th straight month in August as the tradereliant economy continues to grapple with global headwinds on inflation and declining demand.

Singapore39;s nonoil domestic exports NODX fell 20.1 yearonyear in August, official data showed on Monday, as both electronics and nonelectronics exports to the United States, Europe and China declined.

The decline compared with a forecast in a Reuters poll of a 15.8 contraction, and continued the 20.3 contraction seen in July.

This does seem to suggest that any kind of stabilisation on exports doesn39;t seem to be on hand just yet, said Barclays economist Brian Tan.

Economists are expecting the Monetary Authority of Singapore MAS to keep monetary policy unchanged in the policy review scheduled next month due to the weak growth and persistent inflation.

Even if the growth is weak, inflation has been at a very uncomfortable level for us… it39;s really too soon to be relaxed about inflation, and MAS is going to stay relatively cautious, said Tan.

On a seasonally adjusted monthonmonth basis, NODX decreased 3.8, Enterprise Singapore data showed, versus the prior month39;s 3.5 decline. Economists had forecast 5.5 growth.

NODX to the United States contracted by 32.4 in August, after the 34.3 expansion in the preceding month, mainly due to the sharp decline in nonelectronic exports.

Last month, Singapore narrowed its economic growth forecast to 0.5 to 1.5 this year…