Growth at risk as trade conflicts, electronics slowdown take toll on Singapore exports

Singapore

SINGAPORE'S exports showed signs of faltering as it notched marginal gains in June, dragged down by electronics shipments which continued to contract for the seventh straight month.

Economists warn that the trade conflict, slowing growth in China, and the latest round of property cooling measures are all likely to weigh on Singapore's growth outlook in the months ahead.

Singapore's non-oil domestic exports (NODX) fell short of economists' expectations with a subdued 1.1 per cent growth last month, well shy of the 15.5 per cent surge in May.

A Bloomberg poll of economists had projected NODX to increase by 7.8 per cent year-on-year in June.

The substantially moderated growth was propped up by non-electronics exports last month,…