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Chart of the day: Check out Singapore’s disappointing NODX growth in August
It dipped 1.9%, following the same contraction a month ago.
With the shrinking contribution of electronics, Singapore's non-oil domestic exports (NODx) is stuck on the downside in August, registering another lacklustre month.
Based on the latest figures by the International Enterprise Singapore, NODX decreased by 1.9% in August, following the previous month's 1.9% decrease. This is due to a contraction in both electronic and non-electronic NODX.
On YoY basis, NODX registered a flat growth in August, rebounding from a sharp 10.6% decline in July.
Meanwhile, on a 3-month moving average YoY basis, NODX dipped 4.5% in August, following the 0.8% decrease in the previous month.
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