Non-oil domestic exports slipped by a worse-than-expected 7.2% y-o-y in December, the second straight month of contraction, after shipments to China fell more sharply.
In November, NODX fell 3.4%.
Economists polled by Reuters were expecting December NODX to fall 5.1%.
Shipments to all of Singapore's top 10 NODX markets, except the US, Japan and Hong Kong, contracted in December. Apart from China, they fell most sharply for South Korea and Taiwan.
On a month-on-month, seasonally adjusted basis, NODX fell 3.1% last month, after November's 3.8% decrease, due to the contraction in non-electronic exports which outweighed the flat growth in electronic shipments.
Shipments to all of Singapore's top 10 NODX markets, except the US, Japan and Hong Kong, contracted in Dec. Apart from China, they fell most sharply for South Korea and Taiwan.
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In November, NODX fell 3.4%.
Economists polled by Reuters were expecting December NODX to fall 5.1%.
Shipments to all of Singapore's top 10 NODX markets, except the US, Japan and Hong Kong, contracted in December. Apart from China, they fell most sharply for South Korea and Taiwan.
On a month-on-month, seasonally adjusted basis, NODX fell 3.1% last month, after November's 3.8% decrease, due to the contraction in non-electronic exports which outweighed the flat growth in electronic shipments.
Shipments to all of Singapore's top 10 NODX markets, except the US, Japan and Hong Kong, contracted in Dec. Apart from China, they fell most sharply for South Korea and Taiwan.
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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