Singapore’s Non-Oil Domestic Exports (NODX) Continue to Contract, Posing Challenges for the Economy
June was the ninth consecutive month of continuous reductions for Singapore’s non-oil domestic exports (NODX). According to the most recent data, both the electronics and non-electronics industries witnessed a fall, resulting in a reduction of 15.5 per cent. This negative trend comes after decreases of 14.8%% in May and 9.88%% in April. Even though the June statistics marginally exceeded expectations, …