Singapore non-oil home exports (NODX) -2.1% in January (vs. -1.1% anticipated, prior +9%)
Singapore’s non-oil home exports (NODX) dropped by 2.1% y/y in January in comparison with the earlier 12 months, exceeding the forecasted 1.1% decline and reversing December’s 9% progress.
- The autumn was primarily pushed by a lower in non-electronic exports.
- Exports to Hong Kong, the US, and Taiwan rose, whereas these to China, the EU, and Indonesia declined.
On Friday Enterprise Singapore projected NODX progress of 1% to three% for 2025 however warned that international financial uncertainties might threaten this outlook.
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Singapore’s Non-Oil Home Exports (NODX) are a key indicator of the nation’s export efficiency, excluding oil-related merchandise. NODX encompasses each digital and non-electronic items and displays the well being of Singapore’s manufacturing and commerce sectors.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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