ECONOMY | , Singapore

Singapore NODX slips 0.7% in April

This came after five consecutive months of growth.

After a winning streak that lasted for five months, Singapore's non-oil domestic exports found itself on the downside again with a slight pullback of 0.7% in April.

The slump in non-electronic exports has outweighed the growth in electronic segments, data from International Enterprise Singapore revealed.

Non-electronic NODX dipped 2.9%, after a strong 20.8% expansion in the previous month. Pharmaceuticals, non-electric engines & motors and non-monetary gold decreased by 39.9%, 69.2% and 23.0% respectively, contributing the most to the decline in non-electronic NODX.

Meanwhile. electronic NODX rose 4.8% in April, a slightly lower growth than the previous month's 5.2%. ICs, parts of PCs and disk media products grew by 9.2%, 32.9% and 17.9% respectively, and they contributed the most to the growth in electronic domestic exports.

For the said month, NODX value reached $13.6b, lower than $14.9b seen in the previous month.

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