Singapore electronics tipped to stay positive in 2022 despite slower exports growth
EXPORTS from Singapore’s linchpin electronics industry slowed in June, even as analysts warned of cooling economic growth and rising risks to global trade.
But the electronics cluster is not likely to hit a downturn yet, watchers believe, with the trade sector tipped to stay positive through the rest of 2022 despite headwinds in the year ahead.
Headline non-oil domestic exports (NODX) still came in ahead of expectations to expand by 9 per cent year on year in June, despite growth easing from 12.0 per cent in the month before, according to figures from trade agency Enterprise Singapore (ESG) out on Monday (Jul 18).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Former transport minister Iswaran seeks clarity on prosecutors’ handling of his criminal case
Trade between Singapore and Asean was at S$295.6 billion in 2023
AI lacks judgement to set interest rates, MAS chief says
Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD
Daily Debrief: What Happened Today (May 7)
Two men convicted in S$3 billion money laundering case deported to Cambodia