Singapore’s non-oil domestic exports decreased due to weak demand for non-electronic goods in May, data from Enterprise Singapore showed on Wednesday.
Non-oil domestic exports decreased 4.5 percent year-on-year in May, after a 9.7 percent rise in April. Economists had expected a 0.1 percent fall.
Electronic NODX grew 12.5 percent, while non-electronic NODX declined 8.8 percent.
On a monthly basis, NODX declined 4.5 percent in May, following a 5.1 percent fall in the previous month.
NODX to the top [markets][1] grew in May, though exports to the EU 27, Indonesia, China, Malaysia, Hong Kong and Thailand declined. The largest contributors to the growth were the US, Japan and Taiwan.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][6] and much more.
- www.rttnews.com/Content/Markets.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/industrial-production/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx