Singapore's non-oil domestic exports (NODX) down 0.1% y/y
- expected -1.0%
- prior -9.6% drop in April
- electronics exports growing for a second straight month
For the m/m, also -0.1% but painting a disappointing picture:
- expected +1.7%
- prior +7.3%
Inconsistent global demand continues to weigh on NODX. A sustained improvement has been, and looks like remaining, elusive.
