Singapore Non-oil Home Exports (NODX) -11.30% y/y in August
- anticipated +0.1%, prior -4.7%
- -8.9% m/m (prior -6%)
- declines throughout each electronics and non-electronics shipments
- exports to the U.S., China and Indonesia fell sharply, together with a 28.8% drop to the U.S. the place Singapore faces a ten% tariff regardless of its free-trade settlement
The weak spot highlights stress from U.S. commerce measures, that are additionally affecting Singapore not directly by way of its companions.
Authorities warn progress will sluggish within the second half after front-loaded positive aspects earlier this 12 months, although Enterprise Singapore nonetheless initiatives 1%–3% non-oil export progress for 2025.
This text was written by Eamonn Sheridan at investinglive.com.
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