malay01

Singapore exports down 15.9% in May as China shipments slip

  • Jun 17, 2019

SINGAPORE: Singapore’s non-oil domestic exports (NODX) fell 15.9% year-on-year in May partly due to a sharp decline in shipments to China, official data showed on Monday.

The drop was slightly smaller than the 16.5% decline predicted by economists in a Reuters poll, but more than the 10% fall seen in April.

On a month-on-month, seasonally adjusted basis, exports grew 6.2%, accelerating from the 0.6% decline the month before, data from the trade agency Enterprise Singapore showed.

This was better than the 4.9% increase predicted by economists – Reuters

Source: https://www.thestar.com.my/business/business-news/2019/06/17/singapore-exports-down-15-pct-year-on-year-in-may-as-china-shipments-slip/#sXahTv2W54FLxbDv.99