In July, non-oil domestic exports (NODX) increased 5.8% over the same month last year. The figure came in below both the revised 6.6% rise seen in June (previously reported: +6.8% year-on-year) and market expectations, which had NODX expanding 6.1%. Non-electronic exports increased 7.9%, which represents a moderation compared to the 9.2% rise observed in June. In contrast, growth in electronic exports picked-up to a 2.0% expansion, which was a notch above the 1.6% rise seen in June. A month-on-month comparison corroborates the deceleration suggested by the annual figures, as exports dropped a seasonally adjusted 3.6%, which contrasted the 6.7% increase seen in June.
Singapore Trade Balance
Exports decelerate in July
August 22, 2012
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Singapore Trade Balance Chart
Singapore Economic News
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.
September 23, 2016
In August, consumer prices increased 0.5% compared to the previous month, contrasting the 0.3% decrease recorded in July.