Singapore NODX deepens contraction in June with a 17.3% decline

17 July, 2019, 17:09 | Author: Regina Silva
  • Nodx slumped 17.3 per cent compared with a year ago the biggest year-on-year drop since February 2013 and sharply below analysts' expectations of a 9.6 per cent fall in a Bloomberg poll

Non-oil domestic exports in June fell 17.3%, the fourth month of year-on-year decline, data from the trade agency Enterprise Singapore showed on Wednesday, slowing from the revised 16.3% decline the month before.

June export figures - coming after May's preliminary drop of 15.9 per cent was revised down to 16.3 per cent - are being hotly watched for implications on second-quarter economic data.

The trade-reliant economy took a sharp downturn in the second quarter, prompting analysts to downgrade growth forecasts for this year and predict a possible recession.

That was worse than the median estimate of a 9.6% decline in a Bloomberg survey of economists. Chinas exports fell 1.3 per cent in June from a year ago, while shipments from South Korea, India and Indonesia also contracted.

This appears to suggest that NODX to the US market remains the sole man standing at this juncture, barring further developments on the US-China trade front.

Apple, Google Reveal New Emojis Coming Later This Year
The new set of emoji focus more on the ongoing theme of diversifying the human emoji. Though, sending these new emojis will be limited to Android Q devices.

Atletico to sign Trippier from Tottenham
Trippier moved to Tottenham from Burnley in 2015 after an impressive spell in the side at Turf Moor. Fellow England defender Rose also appears set to land a move away from Tottenham .

BC man dies of rabies after coming into contact with bat
The Ministry of Health says while the exposure was on Vancouver Island, bats throughout all areas of B.C. could carry rabies. Paul's Hospital in Vancouver on July 13th after coming into contact with a bat on Vancouver Island in mid-May 2019.

Shipments of electronic goods sank by 31.9% in June, extending from the 31.6% decline in the previous month. As well, NODX to emerging markets declined 17% in June 2019, following the 18% decrease in the previous month. Contributors to the fall were integrated circuits, personal computers, and disk media products which had contracted by 33.0%, 44.6%, and 41.7%, respectively.

In a breakdown, the electronic exports of Singapore to China decreased by 36 percent year-on-year in June, while the non-electronic exports went down 11.3 percent year-on-year.

On a month-on-month seasonally adjusted basis, the NODX declined by 7.6 percent in June to 12.9 billion Singapore dollars (about 9.49 billion USA dollars).

NODX to the majority of Singapore's top markets decreased in June, except the United States.

"The outlook (for Singapore's economy) is definitely more pessimistic now", said Maybank Kim Eng economist Lee Ju Ye.


  • Xiaomi Redmi K20 Pro India launch: Expected price, specifications and features

    Xiaomi Redmi K20 Pro India launch: Expected price, specifications and features

    Xiaomi also confirmed that the Redmi K20 Pro has eight-layer cooling that keeps the device cool during intensive gaming sessions. The Redmi K20 phones come in colours inspired by Fire & Ice: Glacier Blue, Flame Red and Carbon Black colour variants.
    United Kingdom : inflation remains at 2.0% in June over one year

    United Kingdom : inflation remains at 2.0% in June over one year

    The general rule-of-thumb is that a currency tends to fall when its issuing central bank cuts, or signals it intends to cut, interest rates.
    Stocks Slip as Banks Post Mixed Earnings

    Stocks Slip as Banks Post Mixed Earnings

    Investors will also have an eye on USA industrial production and retail sales data for June, set to be released Tuesday morning. The White House's repeated threats to raise tariffs has made companies at home more hesitant and hurt trade internationally.
  • Steve Bruce named as Newcastle United boss after quitting Sheffield Wednesday

    Steve Bruce named as Newcastle United boss after quitting Sheffield Wednesday

    Bruce has suffered relegation from the Premier League twice, in 2005-06 with Birmingham City and 2014-15 with Hull City. Last week, former England boss Sam Allardyce said he had turned down the chance to be Newcastle manager .

    Daniel Bryans Big Announcement Doesnt Happen On Smackdown Live

    This comes after Asuka & Sane defeated The IIconics in a non-title match in Tokyo, Japan in late June to earn a future title shot. WWE Women's Tag Team Champions The IIConics will defend their titles against The Kabuki Warriors ( Kairi Sane & Asuka ).
    Prime Day Steal: Roomba 891 Robot Vacuum Now $299

    Prime Day Steal: Roomba 891 Robot Vacuum Now $299

    You can find numerous same sales on Amazon , but you may have to be a Prime member in order to get all of those discounts. These cool gadgets don't come cheap, but now, thanks to the Amazon Prime Day sale , it's finally in my price range.
  • Google discontinues the AdSense apps for Android and iOS

    Google discontinues the AdSense apps for Android and iOS

    This makes sense in some manner but it also shows us that Google thinks web apps are the future and not standalone applications. But on the other end, I worry that they should have enhanced the app rather than discontinue it.
    Trump signs executive order to raise standards for Made in America products

    Trump signs executive order to raise standards for Made in America products

    By contrast, among those who say they have never tweeted about politics, 15 per cent follow Trump and 18 per cent follow Obama. Almost one in five adult Twitter users in the United States follow President Donald Trump's account.
    Wave of Deals, Protests Mark Arrival of Amazon Prime Day

    Wave of Deals, Protests Mark Arrival of Amazon Prime Day

    Amazon had said in advance that the strike would not affect deliveries to customers. "We have an opportunity". The Seattle e-commerce behemoth said it was offering more than a million deals.
  • Preview Lil Wayne’s ‘Old Town Road’ Remix

    Preview Lil Wayne’s ‘Old Town Road’ Remix

    I dealt with this sh*t before. "So that's why I was like, f**k, he should have never said that, he should have never told them". Before long, it may very well stand among the world's most popular songs of all time.
    Vape company JUUL's boss apologises to parents

    Vape company JUUL's boss apologises to parents

    Rite Aid stopped selling e-cigarettes altogether, while Walmart has stopped selling dessert-flavored vaping products. Burns said Juul's electronic products help smokers wean themselves off normal cigarettes.
    Peru says former president Alejandro Toledo arrested in US

    Peru says former president Alejandro Toledo arrested in US

    Toledo was also arrested in northern California in March for public drunkenness, but was released back into the community. President Pedro Pablo Kuczynski, elected in 2016, resigned a year ago and is under house arrest .


Apollo 11: Michael Collins returns to launch site on 50th anniversary
The Apollo 17 mission in December 1972 marks the last time a man walked on the moon , but there are plans to return to the moon by 2024.

Canadian citizen detained in China amid diplomatic tensions
The men, Michael Kovrig and Michael Spavor, have since been charged with espionage. Over the past six months, China has ratcheted up the pressure since Ms.

'Nintendo Switch Do' Trademark Spotted On Official Document
It's still listing a custom Nvidia Tegra processor, though have circulated that Nintendo was planning a new one for the Switch. This is nearly double that of the original Nintendo Switch For example, you'll get 5.5 hours playing The Legend of Zelda.

Kroenke’s son insists Arsenal will not ‘compromise values’
We know it is unlikely that he would sell up but we are just asking the club to change, to see what we are saying and respond". But that doesn't mean that my father or I have ever said anything about restrictions on spending.

Latina Border Patrol Officer Dubbed ‘ICE Bae’ Taking Internet by Storm
I'm hearing something about a viral picture. "It was an honor and I take a lot of pride in my job!" she wrote on Twitter Sunday. In the meantime, Cervantes has had to deal with both hateful and appreciative comments in her Twitter mentions.

Rams players who deserve higher ratings in 'Madden NFL 20'
Giving every player in the league an accurate rating every year is no easy task, but EA Sports generally do a good job with this. Eric Ebron led all tight ends with 14 touchdowns last season, then added another in the playoffs.

Iceborne trailer shows off Glavenus and teases Brachydios
Squad Cards and Sub-Leaders - new Squad functionality has been added to easily invite your friends and manage Squad members. A massive expansion DLC for Monster Hunter World called Iceborne is coming to PS4, Xbox One and Steam this year.

Sarah Champion "would take no deal"
A statement of support as read out from Shadow Chancellor John McDonnell, who could not attend due to constituency appointments. Mark Lewis, the prominent media lawyer who is acting for the pair, told The Observer: "These are very serious libels".

Meghan Markle 'moans to Pharrell Williams about life in public eye’
Meghan also made her first public outing with Archie to support Prince Harry as he played in a charity polo match last week. Duchess Meghan has faced her share of criticisms, but she can count Pharrell among her steadfast supporters.

AI solves Rubik's cube in under a second
But once algorithm was merely programmed to solve the puzzle, researchers were left with a limited understanding of how it did so. Since its invention by a Hungarian architect in 1974, the Rubik's Cube has furrowed the brows of many who have tried to solve it.