The latest drop was mainly due to the high base from a year ago, and comes on the back of lower electronic and non-electronic exports fueled by the tensions between the US and China.
SINGAPORE (Nov 19): Economists are mixed on prospects of a turnaround in Singapore’s economy, after non-oil domestic exports (NODX) slumped for the eighth consecutive month in October.
Official figures released by trade agency Enterprise Singapore on Nov 18 pointed to a 12.3% y-o-y drop in October – weaker than the 8.1% decline in the previous month and worse than consensus expectations of a 10.4% contraction.
