Defying expectations of a fifth consecutive month of growth, Singapore’s non-oil domestic exports (NODX) reversed into the red in October, following a slowdown in both electronic and non-electronic shipments.

Official figures released by trade agency Enterprise Singapore (ESG) on Nov 17 indicated a 3.1% year-on-year contraction to NODX, a substantial reversal from the 5.8% growth seen in September.

October’s showing falls short of the 5.1% expansion projected by private-sector economists in a Bloomberg poll.

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