Singapore NODX falls more than expected in JuneStaff Writer | July 19, 2016
Singapore's non-oil domestic exports decreased at a faster-than-expected pace in June, due to the decline in both electronic and non-electronic NODX, data from the International Enterprise Singapore showed.
Economy in Asia Exports of electronic products contracted in Singapore
Exports of electronic products contracted 1.7 percent annually in June, much slower than May's 6.0 percent decline. The decrease in electronic domestic exports was largely due to PCs, disk drives and parts of PCs.
Shipments pf non-electronic products slipped 2.5 percent in June, in contrast to a 19.0 percent surge in the prior month.
On a monthly basis, NODX plunged a seasonally adjusted 12.9 percent in June compared to a 16.8 percent growth in May. ■