Singapore non-oil exports post surprise 3.1% drop in Octobe

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) shrank unexpectedly in October, snapping four straight months of growth, due to fewer shipments of non-monetary gold and electronics such as integrated circuits.

Nodx fell 3.1 per cent, after expanding a revised 5.8 per cent in September, according to data from Enterprise Singapore (ESG) on Tuesday (Nov 17).

Shipments also missed the 5.1 per cent growth forecast by analysts in a Bloomberg poll.

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