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NODX contracts for 7th straight month with 8.1% drop in Sept as Singapore fails to escape 'export doldrums'

Stanislaus Jude Chan
Stanislaus Jude Chan10/17/2019 12:07 PM GMT+08  • 3 min read
NODX contracts for 7th straight month with 8.1% drop in Sept as Singapore fails to escape 'export doldrums'
SIGNAPORE (Oct 17): Singapore’s non-oil domestic exports (NODX) fell 8.1% year-on-year in September – marking the seventh consecutive month of contraction amid uncertainty surrounding the US-China trade war and slowing global growth.
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SIGNAPORE (Oct 17): Singapore’s non-oil domestic exports (NODX) fell 8.1% year-on-year in September – marking the seventh consecutive month of contraction amid uncertainty surrounding the US-China trade war and slowing global growth.

For the first nine months of 2019, NODX has fallen 10.3% y-o-y lower than over the corresponding period last year.

The September decline was led by a 24.8% drop in electronic exports, which clocked 10 straight months of negative growth.

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