Non-oil domestic exports decreased 10.6% y/y in August.

By bne IntelliNews September 18, 2012
Singapore's non-oil domestic exports (NODX) decreased 10.6% y/y in August this year. As reported by Reuters News, the country's NODX decreased more than expected during the period, increasing the prospect of it entering into a recession as exports to the European Union declined. The electronics exports reduced 14.8% m/m, whereas non-electronics NODX decreased 7.1% m/m during the period.

Non-oil domestic exports decreased 10.6% y/y in August.

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