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Hey u guys following all the economic reports!! It's really yo yo, really cannot tell how the economy will turn in next 6 months!!
SINGAPORE'S non-oil domestic exports (NODX) last month fell 8.8 per cent from a year ago, extending the 4.6 per cent drop in May - PHOTO: SPH
SINGAPORE'S non-oil domestic exports (NODX) last month fell 8.8 per cent from a year ago, extending the 4.6 per cent drop in May.
Month-on-month, the NODX rose a seasonally-adjusted 3.2 per cent in June to reverse the previous month's 1.1 per cent dip, according to Singapore's trade promotion agency International Enterprise Singapore on Wednesday.
Except for China, shipments to all top 10 markets in June fell, with the European Union (EU), Indonesia and Japan the biggest contributors to the decline. Shipments to the EU tumbled 33.6 per cent year-on-year. Those to Indonesia went down 24.8 per cent and to Japan 25.5 per cent.
The year-on-year drop was due to a contraction in both the electronic and non-electronic NODX, IE Singapore said. The electronic NODX decreased 12.4 per cent, after a 13.2 per cent fall in May. The non-electronic NODX declined 7.1 per cent, following a 0.2 per cent increase.
SINGAPORE'S non-oil domestic exports (NODX) last month fell 8.8 per cent from a year ago, extending the 4.6 per cent drop in May - PHOTO: SPH
SINGAPORE'S non-oil domestic exports (NODX) last month fell 8.8 per cent from a year ago, extending the 4.6 per cent drop in May.
Month-on-month, the NODX rose a seasonally-adjusted 3.2 per cent in June to reverse the previous month's 1.1 per cent dip, according to Singapore's trade promotion agency International Enterprise Singapore on Wednesday.
Except for China, shipments to all top 10 markets in June fell, with the European Union (EU), Indonesia and Japan the biggest contributors to the decline. Shipments to the EU tumbled 33.6 per cent year-on-year. Those to Indonesia went down 24.8 per cent and to Japan 25.5 per cent.
The year-on-year drop was due to a contraction in both the electronic and non-electronic NODX, IE Singapore said. The electronic NODX decreased 12.4 per cent, after a 13.2 per cent fall in May. The non-electronic NODX declined 7.1 per cent, following a 0.2 per cent increase.