RHB | Singapore | NODX Rout Deepened As External Climate Turned Volatile

Economic Research	18 February 2016
Singapore
Economic Highlights
NODX Rout Deepened As External Climate Turned Volatile Singapore’s non-oil domestic exports (NODX) plunged 9.9% y-o-y in January, deteriorating further from a 7.2% loss the month before. The acceleration in decline was underpinned by a decrease in both electronic and non-electronic product exports, reflecting sluggish global demand. On a monthly basis, NODX slid 4.3% in January, recoiling from its 6.2% bounce a month ago. Economist:  Ng Kee Chou | +603 92802179
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