Non-oil domestic exports (NODX) in Singapore slumped last month, hit by another sharp decline in non-electronic exports, latest figures released by International Enterprise (IE) Singapore show on Wednesday. This was third straight month of contraction.
Compared with a year earlier, NODX shrank 9.9 per cent in January, worse than expected, after contracting 7.2% in December.
Exports of non-electronic products fell 13.9%, after slipping 10.3% the previous month. The decline was led by petrochemicals (-18.3%), pumps (-72.3%) and primary chemicals (-45.8%).
Electronic exports dipped 0.6%, after a 0.3% fall in December.
Exports to all of Singapore’s top 10 markets – except the European Union and Malaysia – fell in January.
Non-oil re-exports (NORX) saw a sharp decline in January, sliding 12% compared with the 0.8% growth the previous month.
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Compared with a year earlier, NODX shrank 9.9 per cent in January, worse than expected, after contracting 7.2% in December.
Exports of non-electronic products fell 13.9%, after slipping 10.3% the previous month. The decline was led by petrochemicals (-18.3%), pumps (-72.3%) and primary chemicals (-45.8%).
Electronic exports dipped 0.6%, after a 0.3% fall in December.
Exports to all of Singapore’s top 10 markets – except the European Union and Malaysia – fell in January.
Non-oil re-exports (NORX) saw a sharp decline in January, sliding 12% compared with the 0.8% growth the previous month.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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