Singapore’s non-oil domestic exports drop further in June

RTT News

Singapore’s non-oil domestic exports or NODX dropped 11% year-on-year in June, after falling 12% in the preceding month, the International Enterprise Singapore said Friday. Economists expected a decline of 10.8%.

Electronic NODX contracted 21% year-on-year in June, slower than a 22% fall in the preceding month. Economists expected a drop of 15.2%. Non-electronic NODX was down 4.6%, after declining 5.9% in May.

Month-on-month, the seasonally adjusted NODX fell 5.2% in June compared to a 5.3% rise in the previous month.

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