Singapore Exports Continue To Fall In September

Singapore’s non-oil domestic exports continued to decline in September albeit at a slower pace, data from Enterprise Singapore showed Thursday.

Non-oil domestic exports decreased 8.1 percent year-on-year in September, following a 9 percent fall in August. This was also slower than the expected 7.2 percent drop.

Electronic NODX plunged 24.8 percent, while non-electronic NODX fell moderately by 2.3 percent.

On a monthly basis, NODX decreased 3.3 percent after the previous month’s 6.7 percent increase.

NODX to the majority of the top markets decreased in September, except China and Taiwan. The largest contributors to the annual decline were the EU 28 and the US.

The material has been provided by InstaForex Company – www.instaforex.com