Singapore’s non-oil exports fall 1.1 percent in September
Singapore’s non-oil domestic exports (NODX) in September slipped 1.1 percent year on year, breaking four straight months of growth, according to the International Enterprise Singapore (IES), a government agency that promotes international trade and partners Singapore companies to go global.
Singapore’s non-oil domestic exports (NODX) in September slipped 1.1 percent year on year (Source: straitstimes.com)
Singapore (VNA) – Singapore’s non-oil domestic exports (NODX) in September slipped 1.1percent year on year, breaking four straight months of growth, according to theInternational Enterprise Singapore (IES), a government agency that promotesinternational trade and partners Singapore companies to go global.
The growth rate was 16.7 percent in August.
The authority attributes the month’s negative export growth to the fact thatthe decrease in electronic NODX outweighed the increase in non-electronicexports. Singapore’s electronic NODX fell 7.9 percent year on year inSeptember.
Among the top NODX markets of Singapore, China, Malaysia and Japan remained majormarkets in September, with respective growths of 9.6 percent, 21.3 percent and18.1 percent year on year, Xinhua News Agency reported.
Total trade of the country expanded 6.2 percent from the same month last year,marking the 11th consecutive month for export and import increase.
Singapore’s Ministry of Trade and Industry estimated the country’s economicgrowth standing at 4.6 percent in the third quarter, highest in the past threeyears. The figure is also higher than the 3.8 percent predicted by Reuters polland 2.9 percent of the second quarter.-VNA
The Singaporean Government on August 11 forecasted the country’s economy is likely to grow at 2.5 percent in 2017 after a better-than-expected performance in the second quarter.
The Singapore economy expanded by 4.6 percent year on year in the third quarter of this year, the highest growth in three years, according to the Ministry of Trade and Industry (MTI).
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Singapore’s non-oil domestic exports (NODX) in September slipped 1.1 percent year on year (Source: straitstimes.com) 
