Singapore non-oil exports post surprise 3.1% drop in Octobe
- Posted by: vitu
- Categories: Business, Singapore, World
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.