The Business Times
business-time-50

Singapore exports down 20.6% in December in third straight month of contraction

Tessa Oh

Tessa Oh

Published Tue, Jan 17, 2023 · 08:30 AM
    • The latest NODX print comes after Singapore’s manufacturing Purchasing Managers’ Index resumed its downward trajectory in December, dipping 0.1 point to 49.7.
    • The latest NODX print comes after Singapore’s manufacturing Purchasing Managers’ Index resumed its downward trajectory in December, dipping 0.1 point to 49.7. PHOTO: BT FILE

    SINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17).

    Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, extending the 14.7 per cent fall in the previous month and marking the third consecutive month of decline.

    December’s performance was lower than what private-sector economist had expected – a 17.5 per cent contraction year on year, according to a Bloomberg poll.

    Singapore economySingapore NodxTradeSingapore electronicsSpotlight

    TRENDING NOW

    Francis Yeoh, executive chairman of YTL, with Yeoh Pei Xien, vice-president of strategy and transformation at YTL Hotels, at The BTLuxe Edit – Future:Legacy symposium on Oct 28.

    From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures

    Anthony Lim, who will be taking over as chairman, spent 19 years at Singapore’s sovereign wealth fund GIC.

    Things to know about DBS’ incoming chairman Anthony Lim

    Yields on Indonesia’s benchmark 10-year government bonds stood at around 7.75 per cent on Tuesday (Nov 3).

    Wealthy Indonesians snap up government bonds as yields near 8%: OCBC

    SixSense’s AI-powered platform helps GlobalFoundries engineers identify and classify chip defects, reducing the time needed to review wafers.

    From local AI partnerships to global opportunities: How MNCs help Singapore firms scale

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More