In August, non-oil domestic exports (NODX) fell 10.6% over the same month last year. The figure contrasted the revised 5.7% rise seen in July (previously reported: +5.8% year-on-year) and was below market expectations that had NODX contracting a more moderate 3.3%. Non-electronic exports decreased 10.0%, which contrasted the 7.8% increase observed in July. In addition, electronic exports fell 11.0% in August, which contrasted the 2.0% expansion tallied in July. A month-on-month comparison corroborates the contraction seen in the annual figures, as exports dropped a seasonally adjusted 9.1%, which followed the 3.6% decline seen in July.
Singapore Trade Balance
Exports contract sharply in August
September 17, 2012
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Singapore Trade Balance Chart
Singapore Economic News
October 24, 2016
In September, consumer prices stayed flat compared to the previous month, following the 0.5% increase recorded in August.
October 17, 2016
In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result.
October 14, 2016
According to advanced estimates released by the Ministry of Trade and Industry on 14 October, GDP declined a sharp 4.1% in Q3 from the previous quarter at a seasonally adjusted annualized rate (SAAR), down from Q2’s revised 0.2% rise (previously reported: +0.3% quarter-on-quarter).
October 14, 2016
At its second scheduled semi-annual meeting of 2016, which took place on 14 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.8 in August to a 15-month high of 50.1 in September.