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

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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.

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