Thursday, July 16, 2015

Update: Singapore's non-oil domestic export up 4.7% year-on-year in June

Singapore's non-oil domestic exports (NODX) rose by 4.7 per cent from a year ago to S$14.2 billion in June 2015 due to an expansion in both electronic and non-electronic exports.

This is in contrast to May, when NODX fell 0.3 per cent on a year-on-year basis to about S$13.2 billion.

singapore stock picksIE Singapore said on Thursday that electronic NODX grew by 7.6 per cent in June to about S$4 billion, in contrast to the 2.5 per cent decline to S$3.8 billion in May. The increase in electronic domestic exports was largely due to PCs (+69.6 per cent), ICs (+10.8 per cent) and telecommunications equipment (+79.3 per cent). 

The growth in non-electronic NODX was led by electrical machinery (+75.0 per cent), printed matter (+35.8 per cent) and non-electric engines & motors (+281.8 per cent).

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