Singapore’s November non-oil domestic exports gr
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Posted On: 12/18/2023 6:46:10 AM
Singapore’s November non-oil domestic exports growth misses expectations
Singapore’s non-oil domestic exports grew at a much slower-than-expected pace in November, according to government data.
NODX grew 1% year-on-year in November, with declines in electronic products. The reading was far below a Reuters poll forecast of a 2.3% rise.
NODX to the top markets — Taiwan, the European Union and Indonesia — declined in November 2023, according to the data.
Exports to the United States, China, Thailand and Hong Kong rose.
The Straits Times index
fell 0.54% in early trading on Monday.
Singapore’s non-oil domestic exports grew at a much slower-than-expected pace in November, according to government data.
NODX grew 1% year-on-year in November, with declines in electronic products. The reading was far below a Reuters poll forecast of a 2.3% rise.
NODX to the top markets — Taiwan, the European Union and Indonesia — declined in November 2023, according to the data.
Exports to the United States, China, Thailand and Hong Kong rose.
The Straits Times index
fell 0.54% in early trading on Monday.
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