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%
![Singapore city 15 February 2024 2](https://images.forexlive.com/images/Singapore%20city%2015%20February%202024_id_b0af0b48-b151-4961-a79c-89bbe18b68fc_original.jpg)
Inconsistent global demand continues to weigh on NODX. A sustained improvement has been, and looks like remaining, elusive.