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Singapore’s May non-oil domestic exports down 0.1% y/y (vs. expected -1.0%) | Forexlive

Singapore’s non-oil
domestic exports (NODX) down 0.1% y/y

  • expected -1.0%
  • prior -9.6% drop in
    April
  • electronics exports
    growing for a second straight month

For the m/m, also -0.1% but painting a disappointing picture:

  • expected +1.7%
  • prior +7.3%

Inconsistent global demand continues to weigh on NODX. A sustained improvement has been, and looks like remaining, elusive.