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Financial News: Singapore NODX Falls Unexpectedly In March

Singapore NODX Falls Unexpectedly In March

04/17/2018 - 00:09:00 (RTTNews)

(RTTNews) - Singapore's non-oil domestic exports declined unexpectedly in March, though at a slower pace than in the prior month, data from the International Enterprise Singapore showed Tuesday.

NODX dropped 2.7 percent year-over-year in March, following a 6.0 percent fall in February. Meanwhile, economists had expected a 1.2 percent rise for the month.

Exports of electronic products decreased 7.1 percent annually in March, well below the 12.7 percent plunge in the prior month.

Non-electronic NODX slid 1.3 percent over the year after a 3.3 percent drop in February.

On a monthly basis, NODX fell a seasonally adjusted 1.8 percent from February, when it decreased by 2.7 percent.

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