, Singapore

NODX beats market expectations with 4.7% expansion in June

Thanks to growth in electronic exports.

Singapore's non-oil domestic exports (NODX) grew 4.7% year-on-year in June, beating market expectations of a 2% year-on-year increase.

Data released today by IE Singapore showed that the growth was driven by the 7.6% expansion in electronics exports, which reversed the 2.5% decline in the previous month.

Exports of PCs surged 69.6%, while exports of ICs and telecommunications equipment jumped 10.8% and 79.3%, respectively.

Exports of non-electronic products grew by 3.6% in June. 

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