Electronic NODX fell by 27.2% in May, extending the decline from April. In this month, integrated circuits (ICs), disk media products and parts of ICs contributed the most to the decline with declines of 39.2%, 41.6% and 48.7% respectively.
Singapore’s non-oil domestic exports (NODX) fell by 14.7% on a y-o-y basis in May, lower than the Bloomberg consensus forecast of 7.9% y-o-y decline.
During the month, both electronics and non-electronics exports declined.
