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Singapore June exports fall for 4th month, worse than expected

Reuters SG

SINGAPORE, July 17 (Reuters) - Singapore's non-oil domestic exports (NODX) in June fell more than expected from a year earlier as electronics shipments dropped sharply, official data showed on Wednesday.

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

This was worse than the 9.9% contraction predicted by 10 economists in a Reuters poll.

On a seasonally adjusted month-on-month basis, exports contracted 7.6 percent in June after growing a revised 5.8% in May. The poll called for a 3.9% contraction from the month before. (Reporting by Fathin Ungku and Aradhana Aravindan; Editing by Jacqueline Wong)