On a m-o-m basis, NODX fell by 3.8% to $13.5 billion.
Analysts are expecting Singapore’s non-oil domestic exports (NODX) for the full year to contract beyond the government’s forecast range of -10.0% to -9.0% after August’s NODX numbers disappointed market expectations.
NODX for August declined by 20.1% y-o-y, lower than the Bloomberg median estimate of -17.1%, as both electronics and non-electronics NODX declined.
