empty
 
 

2019.08.1600:36:00UTC+00Singapore Exports Continue To Decline

Singapore's non-oil domestic exports continued to fall in July but at a slower than expected pace, data from Enterprise Singapore revealed on Friday.

NODX declined 11.2 percent year-on-year in July, after a 17.4 percent fall in June. Economists had expected a 15.4 percent fall.

Exports of electronic goods declined sharply by 24.2 percent annually in July, following the 31.9 percent decrease in the previous month.

Non-electronic NODX fell by 6.6 percent in July, after a 12.6 percent contraction in the preceding month.

Exports to the top ten markets declined in July, except to the US. The annual fall was led by Japan, Malaysia and Hong Kong.

On a monthly basis, NODX rose 3.7 percent in July, after a 7.8 percent decrease in the preceding month.

Early this week, the Enterprise Singapore revised down its forecast for NODX for 2019. NODX are forecast to shrink 9 percent to 8 percent this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback