Singapore: Exports pick up in July
August 18, 2014
In July, non-oil domestic exports (NODX) fell 3.3% over the same month last year, which followed the 4.6% decrease recorded in June and came in above the 5.5% decrease that the markets had expected.
According to International Enterprise (IE) Singapore, exports of electronic products contracted 0.1% in July, which contrasted the 6.4% increase observed in June. In addition, non-electronic exports fell 3.3%, which contrasted the 8.7% increase observed in the previous month.
On a month-on-month basis, exports rose a seasonally-adjusted 2.5% in July, which was above the 1.5% increase recorded in June.
Author: Dirina Mançellari, Senior Economist