Singapore: Non-oil domestic exports fall at a milder pace in August
Non-oil domestic exports (NODX) dived 20.1% over the same month last year in August (July: -20.3% year-on-year). Both electronics and non-electronics NODX decreased in the month. Additionally, NODX to China, the EU and the U.S. fell, in contrast to NODX to Indonesia which increased.
In seasonally adjusted month-on-month terms, NODX exports declined 3.8% in August, following July’s 3.5% decrease.