Singapore Non-Oil Domestic Exports Fall 9.3%
Singapore's non-oil domestic exports decreased for the third straight month in April, though at a slower pace than in March, data from Enterprise Singapore showed on Friday.
Non-oil domestic exports fell 9.3 percent year-over-year in April, much slower than the 20.8 percent plunge in the previous month.
The decline was driven largely by non-electronics, including pharmaceuticals, while electronics advanced.
Non-electronic exports dropped 12.3 percent in April from last year, while electronic shipments rebounded by 3.3 percent. Pharmaceuticals, non-electric engines and motors, and food preparations contracted by 73.3 percent, 64.0 percent, and 12.9 percent, respectively.
On a monthly basis, NODX rose 7.6 percent in April, reversing an 8.5 percent decline in the preceding month. Both electronic and non-electronic domestic exports increased.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.