Singapore's non-oil domestic exports (NODX) in July shrank 0.8% compared to the same month a year ago, says the International Enterprise (IE) Singapore this morning.
This was due to a steeper fall in exports of non-electronic shipment versus the rise in electronic exports. The contraction was led by a 98.3% fall in structures of ships and boats, 51.8% in printed matter and 22.1% fall in primary chemicals.
However, July’s NODX figure was better than the fall of 2.1% in the median forecast of 10 economists in a Reuters poll.
In June, Singapore’s NODX saw a 4.5% rise from a year ago.
In July, NODX to all of the top 10 NODX markets, except Hong Kong, South Korea and Thailand, contracted. The top contributors to the NODX decline in July 2015 were Japan, Taiwan and China.
NODX to China contracted by 1.6%, compared to the 12.2% rise in the preceding month, due to petrochemicals (-14.1%), primary chemicals (-31.8%) and parts of ICs (-60.9%).
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
This was due to a steeper fall in exports of non-electronic shipment versus the rise in electronic exports. The contraction was led by a 98.3% fall in structures of ships and boats, 51.8% in printed matter and 22.1% fall in primary chemicals.
However, July’s NODX figure was better than the fall of 2.1% in the median forecast of 10 economists in a Reuters poll.
In June, Singapore’s NODX saw a 4.5% rise from a year ago.
In July, NODX to all of the top 10 NODX markets, except Hong Kong, South Korea and Thailand, contracted. The top contributors to the NODX decline in July 2015 were Japan, Taiwan and China.
NODX to China contracted by 1.6%, compared to the 12.2% rise in the preceding month, due to petrochemicals (-14.1%), primary chemicals (-31.8%) and parts of ICs (-60.9%).
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
0 comments:
Post a Comment