FOREX TradingCharts.com

Financial News: Singapore Exports Slump Further In April

Singapore Exports Slump Further In April

05/17/2019 - 07:35:00 (RTTNews)

(RTTNews) - Singapore's non-oil domestic exports declined sharply in April, albeit at a slower pace compared to March, driven by a fall in electronic and pharmaceutical shipments, data from Enterprise Singapore showed Friday.

Non-oil domestic exports, or NODX, slid 10 percent annually in April from the high base a year ago, after decreasing 11.8 percent in March. Shipments were forecast to fall moderately by 4.6 percent.

Exports of electronic goods declined 16.3 percent in April, following the 26.7 percent contraction in the previous month. There were double-digit declines in the shipment of integrated circuits, disk media products and parts of ICs.

At the same time, non-electronic NODX decreased by 7.9 percent after the 7.1 percent decline. The fall was led by massive declines in pharmaceuticals, specialized machinery and petrochemicals.

Month-on-month, NODX declined 0.6 percent in April, following the previous month's 14.3 percent contraction, data revealed.

The agency attributed the latest fall in NODX mainly to the lower demand from the EU 28, Japan and China, with decreases of 25.4 percent, 31.1 percent and 5.8 percent, respectively.

Exports to the majority of the top markets dropped in April, except Hong Kong and the US, to which shipments rose by +15.2 percent and +2.2 percent, respectively.

Exports to emerging markets decreased by 13.3 percent in April, following the 22.0 percent fall in the prior month. The decline was mainly due to weaker demand from Latin America, the Caribbean and South Asia.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


OECD Trims Global Growth Outlook On Trade Disputes (33 min(s), 04 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story»

Slovenia Output Prices Rise In April (02 hr(s), 18 min(s), 04 sec(s) ago)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story»

UK Manufacturing Orders Lowest Since Late 2016: CBI (02 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story»

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014 (03 hr(s), 48 min(s), 04 sec(s) ago)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story»

OECD Downgrades 2019 Global Growth Projection (04 hr(s), 01 min(s), 04 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story»

Turkey Consumer Confidence Eases In May (05 hr(s), 06 min(s), 04 sec(s) ago)
(RTTNews) - Turkey's consumer confidence eased in May after rising in the previous month, figu ...Full Story»

Denmark Consumer Confidence At 8-Month High (05 hr(s), 18 min(s), 04 sec(s) ago)
(RTTNews) - Denmark's consumer confidence grew to the highest level in eight months in May, su ...Full Story»

New Zealand Credit Card Spending Rises In April (05 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - New Zealand's credit card spending increased in April, after falling in the previo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

OECD Trims Global Growth Outlook On Trade Disputes

05/21/2019 - 08:56 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story>>

Slovenia Output Prices Rise In April

05/21/2019 - 07:11 AM (RTTNews)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story>>

UK Manufacturing Orders Lowest Since Late 2016: CBI

05/21/2019 - 06:51 AM (RTTNews)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story>>

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014

05/21/2019 - 05:41 AM (RTTNews)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story>>

OECD Downgrades 2019 Global Growth Projection

05/21/2019 - 05:28 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.