Singapore NODX Rises Less Than Expected In June

Singapore NODX Rises Less Than Expected In June

Singapore's non-oil domestic exports increased at a slower-than-expected pace in June, data from the International Enterprise Singapore showed Tuesday.

NODX rose 1.1 percent year-over-year in June, much slower than the 15.5 percent surge in May. That was also well below the 7.8 percent growth economists had forecast.

Meanwhile, exports of electronic products decreased 7.9 percent annually in June, following a 7.8 percent decline in the previous month.

Non-electronic NODX expanded 4.6 percent yearly in June after a 26.2 percent spike a month ago.

On a monthly basis, NODX fell a seasonally adjusted 10.8 percent from May, when it grew by 10.3 percent

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